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Front Page » Breaking News » Miami Beach sees a bonanza in low-interest bond borrowing right now

Miami Beach sees a bonanza in low-interest bond borrowing right now

  • www.miamitodayepaper.com
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Written by on March 30, 2021

Miami Beach sees a bonanza in low-interest bond borrowing right now

Miami Beach officials are looking to take advantage of record low interest rates to quickly and efficiently finance projects that are part of the city’s $439 million General Obligation Bond.

The bond, according to a memo from Interim City Manager Raul Aguila, was approved in 2018 and is broken up into four three-year tranches with projects falling under three categories: Parks, Recreational and Cultural Facilities; Public Safety; and Neighborhoods/Infrastructure.

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