Resolution - Approve a Bond Referendum Not to Exceed $23 million General Obligation Bonds in One or More Series to Finance the Construction of Transportation and Mobility Improvements, Calling a Bond Referendum for the Electors of Marco Island on August 18, 2026 - Casey Lucius, Interim City Manager — RESOLUTION 26-21 — City Council (2026-05-04)

AI Summary

The City Council of Marco Island, Florida passed Resolution 26-21 on May 5, 2026, authorizing up to $23 million in general obligation bonds for transportation improvements including bridge replacements and roadway improvements. The resolution calls for a public referendum on August 18, 2026, where qualified voters will decide whether to approve borrowing this money. If voters approve, the City will repay the bonds through increased property taxes over up to 20 years.