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AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force at the earliest period allowed by law, authorizing the issuance of notes in the amount of not to exceed $18,300,000 in anticipation of the issuance of bonds to pay costs of improving Winterhurst ice source
Authorizes the City to issue notes, in anticipation of bonds, to pay for improving Winterhurst Ice Arena, City Hall and other public buildings. This redlined substitute changes the maximum amount; its text shows both $18,300,000 and $1,800,000. Bonds for the project would mature in 29 annual installments at an estimated maximum average interest rate of 6.00% a year. pdf Written by AI from the legislation PDF
Authorizes the City to issue notes, in anticipation of bonds, to pay for improving Winterhurst Ice Arena, City Hall and other public buildings. This redlined substitute changes the maximum amount; its text shows both $18,300,000 and $1,800,000. Bonds for the project would mature in 29 annual installments at an estimated maximum average interest rate of 6.00% a year. pdf Written by AI from the legislation PDF