In November 2016, Plantation residents demonstrated their support for needed capital projects, voting overwhelmingly to authorize the City to secure $60 million ad valorem general revenue bonds. By July 1, 2017 the City Council and Administration completed a required bond issuance process, authorizing City staff to proceed with implementation of 14 capital projects assembled under three (3) distinct categories: Public Safety, Parks and Recreation (P&R), and Public Works. After accounting for bond issuance costs and additional staffing costs for project administration, the City established adjusted budgets for each category of projects. Below is a summary of adjusted budgets.
|Public Safety||Parks & Recreation||Public Works||TOTAL|
|Original Expected Proceeds||$14,200,000||$17,100,000||$28,700,000||$60,000,000|
|Actual Proceeds Received||$14,199,448||$17,099,335||$28,698,884||$59,997,667|
|Less Contract Employees||($158,299)*||($190,599)*||($319,871)*||($668,769)*|
|Net Proceeds for Projects||$13,947,331||$16,795,774||$28,189,436||$58,932,541|
* Bond issuance and contract employee costs are prorated based upon actual proceeds received.
Allocation of $60 Million:
- Public Safety: 23.67%
- Parks & Recreation: $28.50%
- Public Works: 47.83%
Please click on the links below for information and progress updates on each of the 14 Bond projects.