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Discussion: Councilmember Bullock expressed support for the ordinances and hope that quick <br /> action may potentially prevent the city from paying increased interest rates. <br /> A roll call vote was conducted as follows: <br /> Yeas: Bullock, Kepple, Litten, O'Malley, Rader, Shachner <br /> Nays: none <br /> Motion passed. Docket items 46-412 were read consecutively. <br /> 6. ORDINANCE 53-2021 — AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council, or otherwise <br /> to take effect and be in force after the earliest period allowed by law, authorizing the <br /> issuance of special obligation income tax revenue notes in the amount of not to exceed <br /> $2,050,000 in anticipation of the issuance of bonds; to pay the costs of improving parks <br /> within the City, including Foster Pool and other park improvements, together with all <br /> necessary appurtenances thereto; providing for the pledge of revenue from the City's <br /> 1.50% income tax to secure the payment of the principal of and the interest on the notes in <br /> anticipation of bonds; and approving related matters. (Is' read and referred to Finance <br /> 12120121; 2"d reading 01103122) <br /> 7. ORDINANCE 54-2021 — AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council, or otherwise <br /> to take effect and be in force after the earliest period allowed by law, authorizing the <br /> issuance of special obligation income tax revenue notes in the amount of not to exceed <br /> $2,850,000 in anticipation of the issuance of bonds; to pay the costs of designing, <br /> engineering, and constructing sewer improvements, together with all necessary <br /> appurtenances thereto;providing for the pledge of revenues from the City's 1.50% income <br /> tax to secure the payment of the principal of and interest on the notes in anticipation of <br /> bonds; and approving related matters. (Is' read and referred to Finance 12120121; 2"d <br /> reading 01103122) <br /> 8. ORDINANCE 55-2021 — AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council, or otherwise <br /> to take effect and be in force after the earliest period allowed by law, authorizing the <br /> issuance of special obligation income tax revenue notes in the amount of not to exceed <br /> $3,400,000 in anticipation of the issuance of bonds; to pay the costs of designing, <br /> engineering, and constructing water improvements, together with all necessary <br /> appurtenances thereto;providing for the pledge of revenues from the City's 1.50% income <br /> tax to secure the payment of the principal of and interest on the notes in anticipation of <br /> bonds; and approving related matters. (Is' read and referred to Finance 12120121; 2"d <br /> reading 01103122) <br /> 9. ORDINANCE 56-2021 — AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council, or otherwise <br /> 4 <br />