26-5929
Supplementing Ordinance No. 25-06 enacted on February 4, 2025; Authorizing the issuance of the City of Key West, Florida General Obligation Bonds, Series 2026 (Transportation and Roadway) in the original aggregate principal amount of not to exceed $15,500,000; Fixing certain details of said bonds; Approving the forms of the Summary Notice of Sale and Official Notice of Sale with respect to such bonds; Delegating to the City Manager the authority to determine the principal amount of the bonds to be issued and the bid date with respect to such bonds, to award the sale thereof to the lowest conforming bidder based on bids submitted at public sale, and to determine the terms of such sale; Approving the form and authorizing the execution and delivery of a Disclosure Dissemination Agent Agreement; Appointing a Bond Registrar and Paying Agent; Approving the form and authorizing the execution of a Bond Registrar and Paying Agent Agreement, subject to such revisions as shall be approved by the City Manager and City Attorney; Approving the form and authorizing the distribution of a Preliminary Official Statement and authorizing the execution and delivery of an Official Statement pertaining to the bonds; Authorizing the certain officials of the City to execute any document or to take any actions required in connection with issuance of the bonds; Approving the 2026 project and the expenditure of bond proceeds therefor by supermajority vote; Providing certain other matters in connection therewith.
- Committee
- City Commission
- Requested by
- Finance Department
- Introduced
- September 17, 2026
- On agenda
- October 1, 2026
- Passed
- October 1, 2026
- Enacted
- October 1, 2026
- Enactment no.
- Res 26-282
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