Legislation Details

File #: ID 26-5365    Version: 1 Name:
Type: City Council Item Status: Agenda Ready
File created: 4/23/2026 In control: City Council
On agenda: 5/4/2026 Final action:
Title: Resolution - Approve a Bond Referendum Not to Exceed $23 million General Obligation Bonds in One or More Series to Finance the Construction of Transportation and Mobility Improvements, Calling a Bond Referendum for the Electors of Marco Island on August 18, 2026 - Casey Lucius, Interim City Manager
Sponsors: Sandra Schildhorn
Attachments: 1. RESOLUTION 26-21
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Agenda Item:   16(c)

Prepared By:  Casey Lucius, Ph.D., Interim City Manager

Business:   City Council Item

Department:   Executive

Subject:

Title

Resolution - Approve a Bond Referendum Not to Exceed $23 million General Obligation Bonds in One or More Series to Finance the Construction of Transportation and Mobility Improvements, Calling a Bond Referendum for the Electors of Marco Island on August 18, 2026 - Casey Lucius, Interim City Manager

Body                     

 

 

BACKGROUND: 

 

At the April 6, 2026 City Council meeting, Councilors ask that staff prepare a Resolution to place a bond referendum on the August ballot in the amount of $23 million.   This amount would support the following projects  over ten years:

 

•                     Replace two bridges ($14.5M)

•                     Repair three bridges ($1.5M)

•                     36 lane miles of catch up paving ($7.2M)

 

FUNDING SOURCE / FISCAL IMPACT:  It is proposed that the proceeds from the bond will fund the projects listed above

 

RECOMMENDATION: Approve the Resolution 26-21 for bond referendum not to exceed $23 million general obligation bonds in one or more series to finance the construction of transportation and mobility improvements, calling a bond referendum for the electors of Marco Island on August 18, 2026.

 

 

POTENTIAL MOTION:   “I move to approve the Resolution 26-21 for bond referendum not to exceed $23 million general obligation bonds in one or more series to finance the construction of transportation and mobility improvements, calling a bond referendum for the electors of Marco Island on August 18, 2026.”