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AN ORDINANCE CONSOLIDATING UP TO THREE BOND ANTICIPATION NOTE ISSUES OF THE CITY OF GROVEPORT, OHIO INTO A CONSOLIDATED NOTE ISSUE, AND ESTABLISHING THE TERMS OF SUCH CONSOLIDATED NOTE ISSUE
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WHEREAS, this City Council of the City of Groveport, Ohio (the “City”) has passed three ordinances authorizing the following general obligation bond anticipation note issues pursuant to Chapter 133 of the Ohio Revised Code for the purposes indicated: (i) not to exceed $1,000,000 Municipal Golf Course Bond Anticipation Notes, Series 2024 (Second Renewal) for the purpose of renewing notes previously issued for the purpose of paying part of the costs of designing, engineering, and constructing various improvements to the City’s municipal golf course, with related site improvements and appurtenances thereto; (ii) not to exceed $200,000 Municipal Road Construction Vehicle and Equipment Bond Anticipation Notes, Series 2024 (Second Renewal) for the purpose of renewing notes previously issued for the purpose of paying part of the costs of acquiring vehicles and related equipment for municipal road construction and servicing purposes; and (iii) not to exceed $1,400,000 Municipal Recreation Bond Anticipation Notes, Series 2024 for the purpose of constructing a recreational facility consisting of pickleball courts, shelters, bleachers, and related equipment and furnishings, along with any necessary site improvements thereto (such note issues are collectively referred to as the “2024 Series Notes”); and
WHEREAS, this City Council desires to authorize the issuance and sale of some or all of the 2024 Series Notes on a consolidated basis pursuant to Section 133.30(B) of the Ohio Revised Code and this Ordinance;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GROVEPORT, COUNTY OF FRANKLIN, STATE OF OHIO, A MAJORITY OF ITS MEMBERS CONCURRING, THAT:
Section 1. Issuance of Consolidated Notes. Pursuant to the provisions of Section 133.30(B) of the Ohio Revised Co...
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