AN ORDINANCE AUTHORIZING THE ACQUISITION, CONSTRUCTION AND INSTALLATION BY THE CITY OF BLOOMINGTON, INDIANA, OF CERTAIN EXTENSIONS AND IMPROVEMENTS TO THE CITY'S WATERWORKS UTILITY, THE ISSUANCE AND SALE OF REVENUE BONDS TO PROVIDE FUNDS FOR THE PAYMENT OF THE COSTS THEREOF, AND THE COLLECTION, SEGREGATION AND DISTRIBUTION OF THE REVENUES OF SUCH WATERWORKS UTILITY AND OTHER RELATED MATTERS
This ordinance authorizes the City of Bloomington to issue one or more series of its Waterworks Revenue Bonds, in the aggregate principal amount not to exceed $71,000,000, a portion of which are anticipated to be issued in 2026 and the remainder in 2028. The bonds will be issued to finance all or a portion of the costs of design, engineering, acquisition, construction, equipping, and improvement of capital projects related to the Monroe Water Treatment Plant, the Waterworks distribution system and watermain, and a New Service Center and Maintenance Buildings, and pay costs of issuance of the bonds.
| Final |
2025-09-30 |
pass |
6-0 (Flaherty, Ruff absent) (Rosenbarger left at 7:53pm) |
|---|
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