The attached ordinance will allow the City to issue one-year notes in the amount of $945,000 for the renewal of the notes issued in 2021 for the cost of the property acquisition which will be used for governmental facilities. The principal of these new notes reflects a reduction of the maturing 2021 notes as the Dayton Library purchase of their portion of the property has been applied. The estimated tax-exempt rate for this note is 3.00%. City Staff is requesting this ordinance be passed as emergency legislation, so the notes can be sold, with two additional notes, and the proceeds received prior to the maturity of the notes issued in 2021.