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Margate approves first reading of ordinance to issue up to $120 million in water and wastewater bonds
Summary
On Feb. 5 the City Commission approved on first reading an ordinance authorizing up to $120 million in water and wastewater improvement revenue bonds (first series not to exceed $60 million). Commissioners said voters passed a related bond referendum by about 75%; second reading is scheduled for Feb. 19.
The City Commission of Margate approved on first reading an ordinance authorizing the issuance of water and wastewater improvement revenue bonds not to exceed $120,000,000, with a first series capped at $60,000,000. The action took place at the regular City Commission meeting on Feb. 5, 2025.
Commissioners noted that voters had strongly supported the bond referendum earlier and that portions of the city's water system date back several…
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