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The East Peoria City Council Meeting on 8/20/24
AN ORDINANCE AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $20,000,000 GENERAL OBLIGATION BONDS (ALTERNATE REVENUE SOURCE), SERIES 2024, OF THE CITY OF EAST PEORIA, TAZEWELL COUNTY, ILLINOIS, FOR THE PURPOSE OF CONSTRUCTING AND EQUIPPING A NEW POLICE STATION, PRESCRIBING THE DETAILS OF SAID BONDS, PROVIDING FOR THE PLEDGE OF CERTAIN REVENUES TO THE PAYMENT OF PRINCIPAL AND INTEREST ON SAID BONDS AND THE LEVY OF TAXES TO PAY SUCH PRINCIPAL AND INTEREST IF THE PLEDGED REVENUES ARE INSUFFICIENT TO MAKE SUCH PAYMENT, AND AUTHORIZING THE SALE OF SAID BONDS TO ROBERT W. BAIRD & CO. INCORPORATED.)