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Council approves special‑assessment note for Emerson Park infrastructure and related budget amendment
Summary
The council adopted a resolution authorizing a special‑assessment revenue note to finance streets and sidewalks in Emerson Park and approved a companion budget amendment to incorporate loan proceeds and developer contributions into the city’s FY2025 budget.
The Apopka City Council on June 4 approved a special‑assessment revenue note to pay for capital improvements in the Emerson Park subdivision and adopted a budget amendment to reflect the financing.
Finance Director Blanche Sherman presented Resolution 2025‑21, authorizing issuance of the City of Apopka Special Assessment Revenue Note, Series 2025 (Emerson Park Assessment Area) in a principal amount not to exceed $2,853,464. The resolution authorizes a limited‑obligation note…
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