AN ORDINANCE AUTHORIZING THE REFUNDING OF CERTAIN
OUTSTANDING WATERWORKS REVENUE BONDS OF THE CITY;
AUTHORIZING THE ISSUANCE OF THE CITY OF BLOOMINGTON,
INDIANA WATERWORKS REVENUE REFUNDING BONDS OF 2020 TO PROVIDE FUNDS FOR SUCH REFUNDING AND THE PAYMENT OF THE COSTS THEREOF; AND ADDRESSING OTHER MATTERS
CONNECTED THEREWITH
This ordinance authorizes the City of Bloomington to issue its Waterworks Revenue Refunding Bonds of 2020, in one or more series, in the aggregate principal amount not to exceed $42,750,000. The 2020 bonds will be issued to refund the City's currently outstanding Waterworks Revenue Bonds of 2000, Series A; Waterworks Revenue Bonds of 2003, Series A, Waterworks Revenue Bonds of 2003, Series B, Waterworks Revenue Bonds of 2011 , Series A, and Waterworks Revenue Bonds of 2011, Series B, all of the purpose of obtaining lower interest costs and a reduction of debt service payments on such outstanding bonds, thereby achieving significant savings for the City.
| Final |
2020-03-25 |
pass |
9-0 |
|---|
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