Delaware County council schedules second reading of up-to-$126M general-obligation debt ordinance

The Delaware County Council heard the second reading of ordinance 2026-2 on Sept. 15, a measure that would authorize the county to issue general-obligation debt for capital needs. Chair introduced the item and the county solicitor confirmed the scope.

“This will be the 2nd reading of ordinance number 20 20 six-two, which is for the issuance of non electoral, debt in the amount of up to $126,000,000,” Solicitor Ms. Aubrey told the council. She said the ordinance was introduced previously by the CFO and bond counsel and that the county’s financial advisor representatives will present additional details at the public second reading.

The council did not take a final vote during the briefing; the item was positioned for the public session where bond counsel and financial advisers will explain timing, repayment expectations and any tax-implication analysis. The solicitor’s remarks indicate this is a non-electoral debt issuance, and the council will be asked to consider the formal adoption during the public session when the bond team presents the financing plan.