Resolution 07-69

AI Summary

The City of Marco Island is issuing a special assessment revenue bond of up to $11,000,000 to pay for wastewater collection and treatment improvements in the Sheffield Assessment Area. The bond will be paid back only from special assessments on property owners in that area, not from the city's general tax dollars. The bond has a maturity of up to 21 years and will be sold through a private negotiation rather than a public offering.