Columbus City Council last night approved legislation to sell more than 48.4 million dollars in limited and unlimited tax bonds.
Proceeds from the sale will be used to refund 48 million dollars in voter-approved bond debt, with the rest going to refund debt approved by council but not necessarily by voters. City Auditor Hugh Dorrian says the legislation puts a ceiling on the bond sale amount.
The bonds will be sold on February 11. Council also approved more than 8.5 million dollars for four projects to upgrade the water system. Almost all of the system improvements the city has been conducting in recent years are mandated by the Ohio EPA. Sponsoring council member Mike Stinziano.
One project is a 3 million dollar contract modification to expand and improve the Dublin Road water treatment plant in order to handle growing demand. The city is spending 3 million dollars to replace 2.6 miles of waterlines on the South Side, and 1.6 million to clear sludge from a storage area at the Hap Cremean water plant to create more space. And a 956 thousand dollar project will rehabilitate a parking lot and boat ramp at Hoover Reservoir to prevent runoff from entering the water.