AN ORDINANCE relating to contracting indebtedness; authorizing and providing for the issuance and sale of limited tax general obligation bonds to pay all or part of the costs of various elements of the City’s capital improvement program and for other City purposes approved by ordinance, to provide loans to one or more public development authorities of the City for certain eligible capital purposes, and to pay the costs of issuance of the bonds; providing parameters for the bond sale terms including conditions, covenants, and other sale terms; creating the 2022 Multipurpose LTGO Bond Fund; amending Ordinance 126219; and ratifying and confirming certain prior acts.
Agenda Item 18 Council Bill 120198 An ordinance relating to contracting indebtedness, authorizing and providing for the issuance and sale of limited tax general obligation bonds to pay for all or part of the cost of various elements of the city's capital improvement program. The Committee recommends the Council pass the Council bill with council members Mesquita, Herbold, Gonzales, Suarez, Lewis, Morales and Peterson and Faber and Council member Strauss abstaining. Thank you so much. Okay. Are there any comments? Excuse me, are there any comments on Council Bill 120198. Agenda Item 18. We're now on agenda item 18. Any comments? Councilmember Strauss. Thank you. Council President Just very excited to vote for this. The abstention in committee was a technical issue. I much like I'm requesting you to read out the numbers. I was unsure of where we were in that agenda and just very excited to vote yesterday. Thank you. Thanks, Governor Strauss. I know we have a lot on the agenda. I appreciate your your encouragement to go a little bit slower so that all of us, including the viewing public, can stay on track. Okay. So any additional comments on Council Bill 120198 Agenda Item 18 Hearing None. Will the clerk please call the roll on the passage of Council Bill 120198. Agenda Item 18. Sawant. Yes. Strauss. Yes. Herbold. Yes. Lewis. Or excuse me, Councilmember Suarez, I. Lewis Yes. Morales Yes. Mosquito. Hi. Peterson Hi. Council President Gonzalez. Hi. Nine in favor and unopposed. Thank you so much. Council Bill 120198 Agenda item 18 passes and the chair will sign it. Will the park please affix my signature to the legislation on my behalf? Leclerc Please read the short title of item 19 into the record.