City Manager Al Coby has notified the Pensacola City Council in a memo dated today the Redevelopment Revenue Bonds, Series 2009 A & B will be marketed through December 8 with the sale to occur on or about December 9, 2009 and closing on December 21, 2009.
The bonds are $45,335,000 – $10.24 million Redevelopment Revenue Bonds Series 2009A; $35.095 million Redevelopment Revenue Bonds Series 2009B, which are Federally Taxable – Build America Bonds – Direct Payment). The total of the bonds is subject to change dependent on the actual sales of the bonds.