C.
AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF
$740,000 OF TAXABLE ECONOMIC DEVELOPMENT NONTAX
REVENUE BOND ANTICIPATION NOTES, IN ANTICIPATION OF
THE ISSUANCE OF BONDS, FOR THE PURPOSE OF PAYING
COSTS OF ACQUIRING APPROXIMATELY 4.0 ACRES OF REAL
PROPERTY LOCATED NEAR THE SOUTHWEST CORNER OF
OWEN BROWN STREET AND MORSE ROAD.
Brief Description: This ordinance allows for the refinancing of existing
financial obligations of the City. It allows for the rollover of note proceeds
used to pay for the former Windstream property at 100 Owen Brown Street,
purchased as part of the Downtown Phase II Project.
Attachments:
First Reading
Legislative History
8/26/25 City Council Workshop
item forwarded to the City Council
D.
AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF
$925,000 OF TAXABLE ECONOMIC DEVELOPMENT NONTAX
REVENUE BOND ANTICIPATION NOTES, IN ANTICIPATION OF
THE ISSUANCE OF BONDS, FOR THE PURPOSE OF PAYING
COSTS OF ACQUIRING APPROXIMATELY 1.0 ACRE OF REAL
PROPERTY LOCATED AT 94 OWEN BROWN STREET.
Brief Description: This ordinance allows for the financing of the former
Windstream property at 94 Owen Brown Street, purchased as part of the
Downtown Phase II Project.
Attachments:
First Reading
Legislative History
8/26/25 City Council Workshop
item forwarded to the City Council
E.
AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF
NOT TO EXCEED $7,100,000 OF NOTES, IN ANTICIPATION OF THE
ISSUANCE OF BONDS, FOR THE PURPOSE OF PAYING COSTS OF
IMPROVING CITY-OWNED PROPERTY LOCATED AT 5810
HUDSON DRIVE BY CONSTRUCTING, FURNISHING EQUIPPING
AND OTHERWISE IMPROVING (i) A NEW SALT STORAGE
FACILITY AND (ii) A NEW BUS MAINTENANCE AND STORAGE
FACILITY AND CLEARING, IMPROVING AND EQUIPPING THE
SITE.
Brief Description: This ordinance allows for the refinancing of existing
financial obligations of the City. It allows for the sale of notes to finance the
cost of the new bus garage and salt storage facility.
Attachments:
First Reading
Legislative History
8/26/25 City Council Workshop
item forwarded to the City Council