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Form 5495 for Pompano Beach Florida: What You Should Know

Bonds, 50,000,000, to the State of Florida (collectively with other obligations) for the Pompano Beach Police and Fire Departments, the City's Parks and Recreation Department, the Community Education Center, City College of Florida (for students and faculty) and other City-owned entities to pay the costs of constructing and financing the John Knox Village Community Center, and City-owned assets such as utility poles, roads and sewer works, as well as for other city-run needs such as street lighting, street maintenance, parks services, street trees and streetlights, sidewalk cleaning, and various streetlight and street sweeping and stormwater maintenance activities.  The revenue bonds payable in twenty-five years will have maturity of May 25, 2044. See: As of the date of this Notice, the following is available from the Bonds Information page for Series 2021: Bond Schedule 1 (with proceeds, interest, and estimated cost) Bond Schedule 2 In accordance with Title 18 USC § 3607 et seq., the City has executed this Notice, pursuant to section 515 of Title 18 of the United States Code, to file this Form 5495: B.  (1) Bonds for the Village of John Knox, Florida (hereinafter “the Village”), a community in Leon County, Florida, pursuant to Title 18 U.S.C. § 3607 and the City of Pompano Beach's Declaration of Authority, dated May 6, 1999, in effect from time to time, dated May 10, 2005.  (2)  Bonds, 50,000,000.  (3) Bonds, of which each will repay from time to time a principal amount equal to one half of the aggregate principal amount of all bonds payable in a year, with interest payable to the City from and after the due date of such bonds in the amount of 50,000 per year for twenty-five years.  (4) Bonds, of which the proceeds in each year, after deducting any amount paid by reason of bankruptcy, trust fund, or similar insolvency, will be paid to the City, from time to time, from the amount not paid by reason of bankruptcy, trust fund, or similar insolvency.

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