To authorize the City Auditor to apply for, accept, and enter into an Ohio Water Development Authority Refinance Loan Program Loan Agreement, for the purpose of providing funds to refund certain outstanding special obligations of the City; to designate a dedicated source of repayment for the loan; to authorize an expenditure of $200,000.00 in the Sewer Operating Fund for costs of issuance; and to declare an emergency ($143,100,000.00). Section 44-1(b)