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Commission Approves Process of Setting Up $60 Million Bond

by David Volz December 2, 2025

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Broward County OKs Margate CRA Extension to 2047

{City of Margate}

Margate has begun the process of financing significant improvements to the city’s water and wastewater systems.

During the November 25 meeting, the commission approved a resolution setting forth the details of its Water and Wastewater Improvement Revenue Bonds, Series 2025, with an aggregate principal amount not to exceed $60,000,000. This provides for the security of the bonds and authorizes the negotiated sale of the bonds.

This is the first portion of the bond ordinance enacted on February 19, 2025, authorizing the issuance of not-to-exceed $120,000,000 water and wastewater improvement revenue bonds. Margate residents voted to approve the issuance of the bonds on November 5, 2024.

The money raised from the bonds will fund improvements to the water and wastewater systems. Commissioner Arlene Schwartz said this is the beginning of the wastewater project.

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Author Profile

David Volz

David Volz has worked as a writer in South Florida for 35 years. He has written for the Sun-Sentinel, Hollywood Gazette, School Transportation News, South Dade News Leaders, Observer among others. He has an MA in Communications from Florida Atlantic University and a BA in Communications from Valparaiso University. Volz teaches Communications at Miami Dade College and Palm Beach State College. He lives in Coral Springs and enjoys running and participating in 5Ks and half-marathons.