Resolution 07-65

AI Summary

The City of Marco Island, Florida is issuing a special assessment revenue bond of up to $16,700,000 to fund wastewater collection improvements and treatment capacity increases for the Kendall Assessment Area. The bond will be paid back solely from special assessments on properties in that area, not from general city taxes. The city council approved this bond to improve public health and safety by expanding wastewater infrastructure to serve the Kendall Assessment Area.