Panama City hopes to improve water and sewer service through bond refinancing
|By Zack McDonald, The News Herald, Panama City, Fla.|
|McClatchy-Tribune Information Services|
At Tuesday's commission meeting,
With the money saved annually on debt payments, city officials hope the funds will be used to improve water and sewer service.
"Right now, we've got one or two people going out to turn water off and on or address issues," Mayor
By refinancing the loan,
"However, we would require the city to reimburse the bank for 'bank counsel,' " his letter to the city stated. "Bank counsel could not exceed
Commissioners meet at
They also are scheduled to consider:
The Community Rating System Progress Report for submission to the National Flood Insurance Program (NFIP).
NFIP requires municipalities to submit progress reports that can determine residential flood insurance rates.
According to the city's report, several projects are in the works to prevent flooding in residential areas. Plans to raise the road surface on
An engineering fee of
An ordinance reducing the annual license fee for businesses with live entertainment from
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