Title
Consider an ordinance authorizing the issuance of General Obligation Bonds, Series 2025; levying an ad valorem tax in support thereof; awarding the sale of the Bonds and authorizing other matters related to the Bonds. (First Reading, Second Reading Not Required)
Body
This item will award the sale of the bonds in the aggregate principal amount of $90,000,000 for paying all or a portion of the City’s contractual obligations incurred or to be incurred for (1) parks, recreation, and sports projects and facilities comprised of: a new recreation center building that also includes parks and recreation administration offices, an outdoor track, multi-purpose athletic fields, tennis complex relocation, Lakeview Pavilion improvements, Rock’N River Water Park expansion, Clay Madsen Recreation Center remodel, Sports Center expansion, Lawn at Brushy Creek park development, citywide trail expansion, Play for All Park improvements, and systemwide park improvements; and (2) professional services including fiscal, engineering, architectural and legal fees and other such costs incurred in connection therewith including the costs of issuing the Bonds.