And while Lake I residents can boast of a newly paved street, city residents will in a few weeks time be able to invest in the municipal bond that Mayor Bradley has said will serve to give the entire city a facelift. We got an update from the Mayor on the progress of that initiative today.
“We are in final talks with potential investors, the Central Bank of Belize and with our financial advisors and everything should be in place by the release and we are looking at the week of the 23rd to the 31st of August, which is not next week but the following week, to release this to the public. Everything is finished with the prospectus. We just want to ensure the municipal bond act passes and we want to ensure that some of the other things that need to be put in place – I mentioned about the residential garbage fee and we want to ensure that the legislative framework is in place for that and that we do a PR campaign to advise residents what that fund will be used for and how it will be going into the restoration of Belize City. We also want to get more of a bind so that people understand the bond process before we release and we are going to be aggressively marketing and continuing our marketing efforts with the public on this whole of next week for the release.”
Mayor Bradley says that he will hold a press conference on the municipal bond in two weeks time.
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