Bond Anticipation Note Issuance

At a glance

  • What: Two emergency ordinances authorizing limited tax bond anticipation notes, short-term borrowing that is later refunded or paid down.
  • 2506-2026 (9/28/2026): notes not to exceed $6,260,000.00 to finance construction of the Starling Street Parking Garage; appropriation and transfer of an estimated $1,888,325.84 from the Mobility Debt Retirement Fund and/or the Columbus Downtown TIF Fund (as the City Auditor determines) to pay off part of the outstanding notes; expenditure of $9,385,956.00 from the Mobility Enterprise Fund, Mobility Debt Retirement Fund or their subfunds. Moved by Bankston, seconded by Ross; 9-0.
  • 2505-2026 (10/5/2026): notes not to exceed $19,165,000.00 to refund outstanding bond anticipation notes; appropriation of $19,165,000.00 in the Info Services Debt Retirement Fund; expenditure of $23,894,400.00 from the Info Services Operating Fund and the Info Services Debt Retirement Fund. Moved by Bankston, seconded by Barroso De Padilla; 9-0.
  • Where it stands: both approved. The minutes record no debate.
  • Related: the larger fall package of long-term bonds is in 2026 Bond Sale Ordinances (2866-2876-2026).

Sources

Log

2026-10-05 - Columbus City Council

  • Ordinance 2505-2026 (information services notes) approved 9-0.

2026-09-28 - Columbus City Council

  • Ordinance 2506-2026 (Starling Street Parking Garage notes) approved 9-0.