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Council to amend adult entertainment ordinance, refinance bonds
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Gainesville City Council is prepared to amend its adult entertainment ordinance requiring businesses to post notice and advertise their intent to seek a license.

City Council meets at 5:30 p.m. Tuesday in the municipal courtroom of the Public Safety Complex, 701 Queen City Parkway.

City Marshal Debbie Jones said adult-themed businesses are no longer required to seek approval of the City Council to operate, thus the aforementioned ordinance is no longer necessary.

In other business, council is set to approve about $343,000 in funding for the purchase of water meter installation materials. The Public Utilities Department anticipates installing about 750 water meters this fiscal year.

Finally, council has given the go-ahead to refinance existing bonds.

Finance officials said they want to refinance now because they fear interest rates might go up in the near future.

The city has about $117 million in tax-exempt debt, and refinancing will produce net savings of about $4.6 million.

Meanwhile, the city has about $53 million in taxable debt, and refinancing will produce net savings of about $2.2 million.

 

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