Capital Improvement Revenue Bond, Series 2021

The City of Palm Beach Gardens is issuing a Request for Proposals (RFP) for a capital improvement revenue bond, Series 2021, to finance the costs of an 18-hole par-three golf course and related facilities. The bond has a principal amount not to exceed $14,000,000 and a maximum annual debt service of $900,000. The City has awarded the contract to Professional Bank, which provided the offer with the overall borrowing cost and terms most favorable to the City. • The bond is to finance the costs of an 18-hole par-three golf course and related facilities. • The principal amount of the bond is not to exceed $14,000,000. • The maximum annual debt service is $900,000. • The final maturity date of the bond is not later than December 31, 2040. • The City has awarded the contract to Professional Bank.