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Supervisors hear options for financing beach-renourishment match; staff to prepare RFP and resolution of intent
Summary
County officials discussed using a five-year negotiable note or GOMESA-backed bonds to fund a Corps of Engineers match for beach renourishment. Advisors will draft an RFP, and the board asked for a resolution of intent and timetable for bids.
During a detailed presentation on county financing options, municipal advisors and county leaders discussed two routes to fund the county’s required match for Corps of Engineers beach-replenishment work: a five-year negotiable note solicited via bank RFPs, or a GOMESA-pledged revenue bond structure.
A municipal-advisory representative described an alternative to publicly underwritten GOMESA revenue bonds: "that…
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