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Future Decision - Unlimited Tax Bonds for Public Utility Projects

  • When: 2025/09/17
  • Address: Citywide
  • City: Columbus
  • State: OH
  • Category: Contract
  • Asset Class: None
  • Size (Dollars): $50,515,000.00

This ordinance authorizes the issuance of unlimited tax bonds not to exceed $50,515,000.00 for public utility-related projects in Columbus, Ohio. The proceeds will fund capital improvement projects within the 2025 Capital Improvement Budget, including water, power, sanitary sewers, storm sewers, real estate acquisition, landscaping, and site improvements. Emergency passage was requested to capitalize on market conditions. The bonds will be issued in one or more series, with a maximum maturity of twenty-five years. A direct tax will be levied annually on taxable property to cover debt service.

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