$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:
Ordinance No. 25-128 was forwarded for further consideration at the October 7, 2025, Council
meeting.
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:
Ordinance No. 25-129 was forwarded for further consideration at the October 7, 2025, Council
meeting.
F.
AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF
BONDS IN THE MAXIMUM PRINCIPAL AMOUNT OF $3,295,000
FOR THE PURPOSE OF PAYING COSTS OF ACQUIRING REAL
PROPERTY IDENTIFIED BY THE SUMMIT COUNTY FISCAL
OFFICER AS PERMANENT PARCEL NOS. 30-01315 AND 30-01316
AND CONSISTING OF APPROXIMATELY 31 ACRES KNOWN AS
5431 HUDSON DRIVE IN THE CITY FOR THE PURPOSE OF
PROVIDING A FACILITY HOUSING FUNCTIONS OF THE CITY’S
DEPARTMENT OF PUBLIC WORKS AND CONSTRUCTING,
FURNISHING AND EQUIPPING THAT FACILITY AND CLEARING,
EQUIPPING AND IMPROVING THAT SITE.
Brief Description: This ordinance allows for the financing of the purchase of
the Hudson Drive property that will be used for the new Public Works facility
as well as financing the cost of design of the new facility.
Attachments:
Ordinance No. 25-130 was forwarded for further consideration at the October 7, 2025, Council