The Aurora City Council Tuesday night passed an ordinance authorizing the sale of $58 million in general obligation bonds to put toward the Hollywood Casino-Aurora resort project.

Aldermen voted 11-1 to support the bond issue, which could be sold yet by the end of February.

The bond issue was anticipated as part of the redevelopment agreement the city approved with Penn Entertainment, Hollywood Casino’s parent company, in October 2022.

Penn intends to build a $360 million casino resort along Farnsworth Avenue and Bilter Road, near Interstate 88. Aurora agreed to pay $50 million as an advance to Penn as part of the deal. The money will be paid back by Penn to the city through property tax payments over a period of 20 to 22 years, depending on the length of the bonds, according to Chris Minick, the city’s chief financial officer.