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Delray Beach Manager: $148M Revenue Bond Closed; Water projects move toward groundbreaking
Summary
City Manager Moore told commissioners the city closed a $148 million revenue bond underwritten by Bank of America Securities and announced construction recommendation items will be presented Dec. 8 to finalize a groundbreaking for the new water treatment plant; staff also updated several waterfront projects and a recent backflow fix.
City Manager Moore reported Nov. 18 that the city has closed a $148,000,000 revenue bond issue tied to development and construction of a new water treatment plant, and that Bank of America Securities—acting as underwriter—presented a commemorative token to the city.
Moore said construction recommendation items, including guaranteed maximum price information, will be presented to the commission…
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