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Get 1st Reading And Set For Confirmatory Public Hearing - City Of Aspen ...

Issuance of up to $10 million General Obligation Open Space Acquisition Bonds STAFF RESPONSIBLE: Tom Oken SUMMARY OF ISSUE: The attached ordinance authorizes the issuance of up to $10 million of general obligation bonds for open space acquisition. The bond issuance is needed to fund the Droste open space property purchase. BACKGROUND: The reason for the use of an emergency ordinance is that we may need to sell these bonds before year-end. The bond market pretty much closes down for the holidays.

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