October 2019 Committee Update
Pompano Beach Pitches in for the Bahamas
The City of Pompano Beach, Shipwreck Park and Florida-based concert and festival promoters are working together in support of the Bahamas to host One Love Bahamas, a benefit concert to aid recovery and rebuilding efforts in the Bahamas. The event will be held on Saturday, November 23rd at the Amp in Pompano Beach. All event proceeds will benefit Hurricane Dorian victims in the Bahamas. For tickets or to donate, visit https://onelovebahamas.org/.
Volunteer to be a Neighborhood Ambassador
Did you know that you can be a Neighborhood Ambassador? Neighborhood Ambassadors are liaisons among local businesses, area friends, residents, community programs and events and all things “happening” in Pompano Beach.
Here’s what Ambassadors do:
• Learn about what’s happening in your community and the city
• Bring your friends and make new friends at great, often undiscovered, soon to be “hot spots” in Pompano Beach
• Then…Talk It UP!
And here’s what Ambassadors receive:
• E-Invitations to upcoming events, new project ground breakings, and grand openings
• Special offers from area businesses
• Special offers at Bailey Contemporary Arts (BaCA) and the Historic Ali Cultural Arts (Ali)
• Special event volunteer opportunities
• VIP goodie bag and “In the Know” Guide at each Neighborhood Ambassador special gathering
• The opportunity to make a difference in your community
Learn more at http://pompanobeachfl.gov/pages/cra_na/na.
G.O. Bond Project Progress
As a reminder, in October of 2018, the city sold $105.5 million of G.O. bonds for the Phase 1 G.O. Bond projects. The interest rate on these bonds was 3.7 percent, which is much lower than the original estimate of 4.6 percent. This means that the city will save an estimated $20 million over the life of the bonds. The city’s high credit rating was one of the factors in securing this favorable interest rate.
By the fall of 2021, the City will be selling the remaining G.O. Bonds, in order to raise the funds needed to pay the construction costs for the projects labeled as “Phase II”. As noted in the city’s adopted FY 2020 budget, it is anticipated that all authorized bond projects (for both Phase 1 and Phase 2) should be completed over the next seven years.
Look for more news about these projects, such as the $3 million Collier City Neighborhood Improvements project, in the coming months.
You can keep up with the progress on all the G.O. Bond projects on the city’s G.O. Pompano! page, at: http://pompanobeachfl.gov/index.php/pages/go_bond/go_bond.
City Adopts FY 2020 Budget
The budget overview, as well as a detailed line item budget, are available to download at http://pompanobeachfl.gov/pages/budget. Reviewing the budget is an excellent way to learn more about where our tax dollars are going.
Check out the city’s Meetings page as well as the Events page for more information about what’s happening in Pompano Beach this month.
As a reminder, you can contact our City Commissioners and Mayor on the City’s “Commission” page, at http://pompanobeachfl.gov/pages/commission.
Thanks again for your support. Let’s keep it going!
