Panama City’s Hurricane Michael Expenses Surpass $50M
As of
Even in December, Mayor
The hope is this
The city had about
Interest will likely have to paid on the loan while reimbursements are worked through, an expense city officials have estimated at
After a bid process, the commission is considering using PNC bank for the second loan, the same one that was used for the first note. The city is not the only municipality that has taken out a loan to cover upfront hurricane costs.
Also on the agenda is a resolution asking
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