202501224

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 6/11/2025, PROVIDING FOR (I) THE ISSUANCE, SALE AND DELIVERY OF WATER SYSTEM REVENUE BONDS, SERIES 2025A (THE “2025A BONDS”) OF THE CITY OF CINCINNATI, COUNTY OF HAMILTON, STATE OF OHIO, IN A PRINCIPAL AMOUNT NOT TO EXCEED $80,000,000 FOR THE PURPOSE OF FINANCING CERTAIN IMPROVEMENTS; AND (II) THE ISSUANCE, SALE AND DELIVERY OF WATER SYSTEM REFUNDING REVENUE BONDS, SERIES 2025B (THE “2025B BONDS”) OF THE CITY OF CINCINNATI, COUNTY OF HAMILTON, STATE OF OHIO, IN A PRINCIPAL AMOUNT NOT TO EXCEED $198,000,000 FOR THE PURPOSE OF PROVIDING FOR THE REFUNDING AND/OR (III) THE CASH DEFEASANCE (WITH MONIES AVAILABLE FOR SUCH PURPOSE), OF ALL OR A PORTION OF CERTAIN OUTSTANDING BONDS OF THE CITY; (IV) AUTHORIZING A PLEDGE OF AND LIEN ON WATER SYSTEM REVENUES TO SECURE ANY 2025A BONDS AND 2025B BONDS; (V) AUTHORIZING ONE OR MORE SUPPLEMENTAL TRUST AGREEMENTS; AND ANY OTHER DOCUMENTS REQUIRED TO SECURE ANY 2025A BONDS AND 2025B BONDS; AND (VI) AUTHORIZING ANY DOCUMENTS REQUIRED TO EFFECTUATE ANY DEFEASANCE.

Ordinance Passed Emergency Introduced June 6, 2025

Where it was heard