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Council approves up to $33 million bonds for park and public‑works projects after AA ratings
Summary
Council unanimously approved a resolution authorizing up to $33 million in capital improvement revenue bonds to finance public‑works facilities and Zephyr Park improvements. Financial advisor Jeff Larson said three rating agencies assigned AA ratings, eliminating the need for bond insurance and lowering expected interest costs.
The Zephyrhills City Council voted unanimously on Nov. 10 to approve a bond resolution authorizing the issuance of up to $33 million in capital improvement revenue bonds to fund a new public‑works maintenance facility, Zephyr Park improvements (including Alice Hall meeting/classroom space) and related capital projects.
Jeff Larson, the city's…
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