Bond Counsel Ordinance Amends Note Interest Cap

Council adopted Ordinance 28-26, prepared by bond counsel Squire, Patton & Boggs, to amend a prior note ordinance and raise the maximum interest rate from 6% to 7% on Key Bank building notes. The change allows issuance of up to 2.5-year notes at 6.20% interest as offered by Huntington National Bank.

Scope & details

The full contract record, as filed.

Contract type

LEGAL

Contract term

Notes up to 2.5 years

Renewal date

2026-07-22

Renewal

Amendment relates to existing bond counsel engagement on Ordinance 22-26 and associated notes; future refinancing or extensions would require additional Council action.

Document type

Minutes

Source document

Port Clinton City Council Minutes 2026-07-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the legal contract by City of Port Clinton?

Squire Patton & Boggs Law Firm was awarded this legal contract by City of Port Clinton, as recorded on July 14, 2026.

What type of contract is this?

This is a Legal contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Port Clinton City Council Minutes 2026-07-14 (Minutes), dated July 14, 2026 from City of Port Clinton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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