Measure on the ballot in the 2023 Florida Consolidated Municipal Election in Treasure Island.
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Get StartedThe City has been advised by financial advisors and bond counsel that lenders are less willing to hold interest rates for long periods of time. By allowing municipal borrowing through a resolution, will result in less time that a lender is required to hold an interest rate, thereby allowing the City to approve borrowing quicker and possibly obtain more competitive interest rates/terms.
The City's Charter will remain without the proposed amendment. This will impact the City's ability to obtain competitive loan terms.
Shall Sections 3.09 and 3.10 of the City of Treasure Island, Florida's Charter be amended to allow for municipal borrowing by the adoption of a resolution instead of requiring the adoption by ordinance, as set out and proposed by the City of Treasure Island in Ordinance No. 2022-20?
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