AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF $740,000 OF TAXABLE ECONOMIC DEVELOPMENT NONTAX REVENUE BOND ANTICIPATION NOTES, IN ANTICIPATION OF THE ISSUANCE OF BONDS, FOR THE PURPOSE OF PAYING COSTS OF ACQUIRING APPROXIMATELY 4.0 ACRES OF REAL PROPERTY LOCATED NEAR THE SOUTHWEST CORNER OF OWEN BROWN STREET AND MORSE ROAD. Brief Description: This ordinance allows for the refinancing of existing financial obligations of the City. It allows for the rollover of note proceeds used to pay for the former Windstream property at 100 Owen Brown Street, purchased as part of the Downtown Phase II Project.

Committee

City Council

Requested by

Finance Department

Introduced

August 31, 2026

On agenda

October 20, 2026

Where it was heard

City Council Workshop Oct 13, 2026 item forwarded City Council Oct 6, 2026 second reading City Council Workshop Sep 22, 2026 item forwarded City Council Sep 15, 2026 first reading City Council Workshop Sep 8, 2026 item forwarded

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