Series 2026B General Obligation Bonds

At a glance

• What: Issuance of Various Purpose General Obligation Bonds, Series 2026B, in an aggregate principal amount of $9,740,000 (which may rise by up to ten percent or fall by any amount).
• Where it stands: Bond ordinance approved on second reading September 10, 2026 by 14-1.

Votes (September 10, 2026)

• Ordinance authorizing the bonds: Vice Mayor Wu moved, Council Member Ellinger seconded. Aye (14): all present members except Beasley. Nay (1): Beasley.
• A companion resolution authorizing advertisement for bids and distribution of a Preliminary Official Statement passed 15-0.
• The ordinance also sets up a sinking fund and a bond payment fund and authorizes acceptance of the purchaser's bid.

Sources

• Council meeting minutes, September 10, 2026: https://drive.google.com/file/d/1BY4afNoANIVtPG5onDBEktmlh1tily71/view
• Council meeting minutes, August 27, 2026: https://drive.google.com/file/d/1pzA-nonzcDRYRTGG_6Nd8SisNRBpkz3c/view

Log

2026-09-10 - Urban County Council

Ordinance approved 14-1 (Beasley opposed); bid-advertisement resolution 15-0.

2026-08-27 - Urban County Council

First reading of the bond ordinance.