Aventura News Recap - January 2018

City Commission meeting was held on January 18th 2018 at 9am.  A public hearing was announced with plans to issue a $7,000,000 bond for the construction of a local charter school.   A motion was also announced to release up to $4500. to the Leo Foundation.  (Law Enforcement Officers recognition program) A recommendation from City Manager Susan Grant was made to approve the bond Ordinance. It was noted that the city did announce the plan in the Daily Business Review as well as posting a solicitation package online at www.demandstar.com   City Financial Adviser Dunlap & Associates is recommending BB&T at a rate of 3.68% with a 2038 maturity date.  Callable after 2023 with no penalty.  It was noted that the city has an average annual debt service of around half a million dollars. Voting commissioners = Denise Landman, Linda Marks, Gladys Mezrahi, Marc Narotsky, Howard Weinberg, Vice Mayor Robert Shelley and Mayor Enid Weisman.  A copy of the bank proposal letter was provided by Indra Sarju validating the transaction with a $7500 underwriting fee.

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