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Chesapeake Beach council approves up to $6.1 million in bonds to help finance $19M water-park rebuild
Summary
The Chesapeake Beach Town Council voted 5–1 on March 19 to adopt Ordinance O-26-2, authorizing up to $6,100,000 in general-obligation bonds to help fund a roughly $19 million water-park reconstruction. Council debate focused on procurement history, project costs and the town's broader funding package.
Chesapeake Beach — The Town Council voted on March 19 to adopt Ordinance O-26-2, authorizing the issuance and sale of up to $6,100,000 in Chesapeake Beach Infrastructure Bonds, 2026 Series A, to help finance the town's water-park reconstruction, related site and utility improvements, reserves and issuance costs.
The ordinance specifies the bonds will be issued pursuant to Sections 4-101 through 4-255 of the Housing and Community Development Article of the Annotated Code of Maryland and may be secured by the full faith and credit of the town. Council members said the bond authorization…
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