Wednesday, November 13, 2013

Council backs $59 million bond |

The Town of Palm Beach is going after its own version of a Lake Worth 2020 plan, putting big money toward what it thinks are priority capital improvements. It doesn't sound like their bond issue is subject to a vote of the electorate, at least according to the article. One of the points the Town Manager makes is that the time to issue the bonds is now due to the low interest rates. And I guess the Town of Palm Beach is still studying whether to broadcast its Council meetings through streaming video. My bet is that they don't want to. Click title for link. From the article:
The Town Council approved on Tuesday a bond issue of up to $59 million to pay for capital improvements, coastal protection and renovations to Town Hall Square and Memorial Park.
That includes more than $40 million for phase 2 of the accelerated capital program, which includes improvements to drainage, sanitary facilities, sidewalks, Memorial Fountain and street lighting. The work is scheduled to begin in 2017 and take about three years to complete.The bond issue is being done early to take advantage of lower interest rates, Town Manager Peter Elwell said.