General Obligation Bond Authorization up to $18 Million
Ocean City
Summary
The council gave final approval to issuing and selling up to $18 million in general obligation bonds for city projects reviewed in August. This is the city borrowing money for capital projects, which affects future debt service.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 8, 2026.
Impact analysis
Up to $18 million in borrowed funds for city projects, with debt service to follow.
Residents who use the city projects funded by the bonds.
Mentions & discussions (2)
Mayor and City Council (Regular) - Sep 8, 2026
The council gave final approval to issuing and selling up to $18 million in general obligation bonds for city projects reviewed in August. This is the city borrowing money for capital projects, which affects future debt service.
Mayor and City Council (Work) - Aug 11, 2026
A $17.455 million bond sale will fund seven projects including Baltimore Avenue redevelopment ($5M), racquet center redo, transfer station rehab, water plant upgrades, airport taxiway work and land acquisition.
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