The City Council of Columbus, Ohio, passed an ordinance authorizing the issuance of unlimited tax general obligation bonds, in one or more series, in an amount not to exceed $317,215,000.00. The purpose of these bonds is to refund certain outstanding general obligation bonds of the City, aiming to reduce the debt service associated with them by taking advantage of current market conditions. The ordinance declares an emergency for immediate passage to leverage favorable market conditions. The bonds will be used to refund existing unlimited and limited tax general obligation bonds that were issued between 2014 and 2024. The ordinance also provides for an annual direct tax levy on all taxable property in the City to cover debt service.