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APPROPRIATING ORDINANCE #3 AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, FISCAL YEAR 2023-2024
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SECTION I: UP TO THIRTY-YEAR BONDS
BE IT ORDAINED by the New Haven Board of Alders, acting pursuant to the due authorization of the General Statutes and Special Acts of the State of Connecticut, that:
(a) $27,325,000.00 General Obligation Bonds No. 19 (the "Bonds") shall be issued in one or more series for the following public improvements, and the proceeds thereof are hereby appropriated for said purposes, as explained in the project narratives stated separately hereinafter, in the following amounts:
Project Code
Project Description
City Bond Amounts ($)
2420
Street Reconstruction/Complete Street
1,600,000.00
2422
Bridges
1,000,000.00
2426
Long Wharf Park
1,000,000.00
2427
Parks Infrastructure Improvements
1,400,000.00
2429
Street Trees
1,750,000.00
2430
Bridge Upgrades & Rehabilitation
200,000.00
2431
Sidewalk Construction and Rehabilitation
350,000.00
2432
Pavement Mgmt./Infrastructure
2,000,000.00
2437
Route 34 East
2,400,000.00
2438
Farmington Canal Greenway
400,000.00
2448
Land & Building Bank
900,000.00
2449
Commercial Industrial Site Development
400,000.00
2452
Downtown Crossing
2,200,000.00
2455
Residential Rehabilitation
500,000.00
2456
Housing Development
1,250,000.00
2457
Neighborhood Public Improvement
150,000.00
2458
Acquisition
125,000.00
2460
Homeowner Capital Investment Program
400,000.00
2461
General Repairs
9,300,000.00
Grand Total
27,325,000.00
(b) The Bonds of each series shall mature not later than the maximum maturity permitted by the General Statutes of Connecticut, Revision of 1958, as amended from time to time (the "Connecticut General Statutes"), be executed in the name and on behalf of the City by the manual or facsimile signatures of the Mayor, City Treasurer and Controller, bear the City seal or a facsimile thereof, bear the Corporation Counsel's endorsement as to...
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