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The committee discussed a proposed bond issuance of up to $15 million for the Columbus Academy project. Staff said the city would act only as a conduit issuer, with no commitment of city resources, debt capacity, or guarantees.
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The proposal would primarily refinance existing 2019 bonds and fund some capital projects. Columbus Academy, not the city, would repay the bonds. The provided minutes excerpt does not show final action on the bond ordinance or the other economic development ordinance listed on the agenda.
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