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File #: 202102128    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 6/4/2021 In control: Cincinnati City Council
On agenda: 6/23/2021 Final action: 6/23/2021
ORD/RES# date: 6/23/2021 ORD/RES#: 0257-2021
Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 6/16/2021, PROVIDING for the issuance, sale and delivery of (I) not to exceed $70,000,000 of Water System Revenue bonds, Series 2021A, of the City of Cincinnati, County of Hamilton, State of Ohio, for the purpose of financing certain improvements; and (II) not to exceed $190,000,000 of Water System Refunding Revenue bonds, Series 2021B of the City of Cincinnati, County of Hamilton, State of Ohio, for the purpose of refunding outstanding bonds; AUTHORIZING a pledge of and lien on Water System Revenues to secure such bonds and obligations; AUTHORIZING a supplemental trust agreement; and AUTHORIZING necessary documents to secure such bonds.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. 257-2021 T, 4. 257-2021

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 6/16/2021, PROVIDING for the issuance, sale and delivery of (I) not to exceed $70,000,000 of Water System Revenue bonds, Series 2021A, of the City of Cincinnati, County of Hamilton, State of Ohio, for the purpose of financing certain improvements; and (II) not to exceed $190,000,000 of Water System Refunding Revenue bonds, Series 2021B of the City of Cincinnati, County of Hamilton, State of Ohio, for the purpose of refunding outstanding bonds; AUTHORIZING a pledge of and lien on Water System Revenues to secure such bonds and obligations; AUTHORIZING a supplemental trust agreement; and AUTHORIZING necessary documents to secure such bonds.

recommendation

PASS EMERGENCY