AN ORDINANCE CONCERNING THE CURRENT REFUNDING BY THE CITY OF BLOOMINGTON, INDIANA, OF ITS GENERAL OBLIGATION BONDS OF 1998; AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS FOR SUCH PURPOSE; PROVIDING FOR THE SAFEGUARDING OF THE INTERESTS OF THE OWNERS OF SAID REFUNDING BONDS; OTHER MATTERS CONNECTED THEREWITH; AND REPEALING ORDINANCES INCONSISTENT HEREWITH
This Ordinance approves the issuance and sale of general obligation refunding bonds by the City to effect a refunding of its 1998 General Obligation bonds. The purpose is to provide a savings to the City through a reduction in interest payments on the Bonds.
| Amends Code | No |
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| Committee | 2009-04-22 | 8-0 Mayer Absent | |
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| Final | 2009-04-29 | Passed | 8-0 Satterfield Absent |