File #:
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202501224
Version:
1
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Type:
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Ordinance
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Status:
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Passed Emergency
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On agenda:
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6/18/2025
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Final action:
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6/18/2025
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ORD/RES# date:
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6/18/2025
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ORD/RES#:
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0233-2025
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Title:
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ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 6/11/2025, PROVIDING FOR (I) THE ISSUANCE, SALE AND DELIVERY OF WATER SYSTEM REVENUE BONDS, SERIES 2025A (THE "2025A BONDS") OF THE CITY OF CINCINNATI, COUNTY OF HAMILTON, STATE OF OHIO, IN A PRINCIPAL AMOUNT NOT TO EXCEED $80,000,000 FOR THE PURPOSE OF FINANCING CERTAIN IMPROVEMENTS; AND (II) THE ISSUANCE, SALE AND DELIVERY OF WATER SYSTEM REFUNDING REVENUE BONDS, SERIES 2025B (THE "2025B BONDS") OF THE CITY OF CINCINNATI, COUNTY OF HAMILTON, STATE OF OHIO, IN A PRINCIPAL AMOUNT NOT TO EXCEED $198,000,000 FOR THE PURPOSE OF PROVIDING FOR THE REFUNDING AND/OR (III) THE CASH DEFEASANCE (WITH MONIES AVAILABLE FOR SUCH PURPOSE), OF ALL OR A PORTION OF CERTAIN OUTSTANDING BONDS OF THE CITY; (IV) AUTHORIZING A PLEDGE OF AND LIEN ON WATER SYSTEM REVENUES TO SECURE ANY 2025A BONDS AND 2025B BONDS; (V) AUTHORIZING ONE OR MORE SUPPLEMENTAL TRUST AGREEMENTS; AND ANY OTHER DOCUMENTS REQUIRED TO SECURE ANY 2025A BONDS AND 2025B...
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title
ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 6/11/2025, PROVIDING FOR (I) THE ISSUANCE, SALE AND DELIVERY OF WATER SYSTEM REVENUE BONDS, SERIES 2025A (THE “2025A BONDS”) OF THE CITY OF CINCINNATI, COUNTY OF HAMILTON, STATE OF OHIO, IN A PRINCIPAL AMOUNT NOT TO EXCEED $80,000,000 FOR THE PURPOSE OF FINANCING CERTAIN IMPROVEMENTS; AND (II) THE ISSUANCE, SALE AND DELIVERY OF WATER SYSTEM REFUNDING REVENUE BONDS, SERIES 2025B (THE “2025B BONDS”) OF THE CITY OF CINCINNATI, COUNTY OF HAMILTON, STATE OF OHIO, IN A PRINCIPAL AMOUNT NOT TO EXCEED $198,000,000 FOR THE PURPOSE OF PROVIDING FOR THE REFUNDING AND/OR (III) THE CASH DEFEASANCE (WITH MONIES AVAILABLE FOR SUCH PURPOSE), OF ALL OR A PORTION OF CERTAIN OUTSTANDING BONDS OF THE CITY; (IV) AUTHORIZING A PLEDGE OF AND LIEN ON WATER SYSTEM REVENUES TO SECURE ANY 2025A BONDS AND 2025B BONDS; (V) AUTHORIZING ONE OR MORE SUPPLEMENTAL TRUST AGREEMENTS; AND ANY OTHER DOCUMENTS REQUIRED TO SECURE ANY 2025A BONDS AND 2025B BONDS; AND (VI) AUTHORIZING ANY DOCUMENTS REQUIRED TO EFFECTUATE ANY DEFEASANCE.
recommendation
PASS EMERGENCY
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