Calendar of Events
Engineering

Ad Valorem Bond Projects

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 Insuance
Cost
($93,818)* ($112,962)* ($189,577)* ($396,357)*
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.

Quick Links

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