NORTH PORT — City commissioners will have up to 11 options to choose from Monday when they decide on how to best secure funds for a road bond that was approved by 60 percent of voters in November.
Voters approved issuing up to $46 million in bonds to finance the project, which is expected to rehabilitate and reconstruct 266 miles of failing roads throughout the city. Those bonds are payable from any legally available non-ad valorem funds, according to City Finance Director Peter Lear, who added city staff is expecting commissioners to make the decision during the 1 p.m. special meeting Monday.
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