Cleveland Proposes Bond Issuance for Parks and Recreation Improvements
Cleveland City Council is considering an emergency ordinance that would allow the city to issue bonds to pay off existing debt used for local recreational spaces. Under File No. 918-2026, the city would authorize the sale of bonds to retire outstanding bond anticipation notes that were originally issued to provide funding for the improvement of municipal parks and recreation facilities.
What's in the file
The proposed emergency ordinance authorizes several financial actions to manage the city's debt related to public spaces:
- The issuance and sale of bonds in a maximum principal amount of $6,730,000.
- The retirement of outstanding bond anticipation notes that were previously used to fund improvements for municipal parks and recreation facilities.
- Authorization of all related matters necessary to complete this bond sale and debt retirement.
Who may be affected
- Department of Parks and Recreation: The department is named as the beneficiary of the improvements supported by these funds.
Status and timeline
- August 13, 2026: The ordinance was introduced and received its first reading.
Residents can verify the details of this proposal by reviewing the official record for 918-2026 through the Cleveland City Council website.
Source record
- File
- 918-2026
- Type
- Emergency Ordinance
- Status
- First Reading
- Committee
- City Council
- Introduced
- August 12, 2026