ORD. 1987-127-094 · Ordinance

To amend and reordain Ordinance No. 87-32-36, adopted February 23, 1987, which authorized the issuance of $18,136,000 serial public improvement bonds of the City of Richmond to finance the cost of capital improvement projects, and authorized the issuance of the issuance of notes to the City of Richmond in anticipation of the issuance of the bonds to defray the cost of the capital improvement projects, to conform same to amendments made to Ordinance No. 86-115-146, adopted May 28, 1986, up to and including May 26, 1987, said Ordinance No. 86-115-146, so amended, constituting the proposed capital improvement program for the fiscal year that began July 1, 1986, and ends June 30, 1987, to provide that the $18,136,000 of bonds authorized to be issued be dated July 15, 1987, in lieu of July 15, 1986, and that the bonds be payable serially in annual installments in each of the years 1988 to 2007, in lieu of the years 1987 to 2006, inclusive, in annual installments of $906,800.