APPROVING THE ISSUANCE OF THE CITY OF BLOOMINGTON, INDIANA PARK DISTRICT BONDS, SERIES 2022, TO PROVIDE FUNDS TO FINANCE THE COSTS OF CERTAIN CAPITAL IMPROVEMENTS FOR PARK PURPOSES, INCLUDING COSTS INCURRED IN CONNECTION WITH AND ON ACCOUNT OF THE ISSUANCE OF THE BONDS, ALL FOR THE PURPOSE OF PROMOTING CLIMATE CHANGE PREPAREDNESS AND IMPLEMENTING EQUITY AND QUALITY OF LIFE IMPROVEMENTS FOR ALL CITY RESIDENTS
This Ordinance approves the issuance of special taxing district bonds by the City of Bloomington Park District under Indiana Code§ 36-10-4-35, in an aggregate principal amount not to exceed $5,800,000, for the purpose of financing longer-term capital projects and investments for park purposes throughout the City of Bloomington, Indiana Park District, in order to promote climate change preparedness and implement equity and quality of life for all.
Note: At the April 20, 2022 Regular Session, the Council adopted Amendment OJ, which removed two items from the list of projects contained in Exhibit A. It also reordered the remaining items in the exhibit and inserted language to make clear that the projects were listed in order of priority.