Ordinance 21-41

This ordinance authorizes the City of Bloomington to issue its Sewage Works Refunding Revenue Bonds of 2021, in one or more series, in the aggregate principal amount not to exceed $8,500,000. The 2021 bonds will be issued to refund the City’s currently outstanding Sewage Works Refunding Revenue Bonds, Series 2012A and its currently outstanding Sewage Works Revenue Bonds, Series 2012C, all for 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.