The Debt Treasury Division is responsible for debt management. Each individual debt issue is accounted for separately.
During the years the City has refinanced some of its existing debt to take advantage of favorable interest rates and reduce total future debt service payments.
General Obligation bonds are backed by the full-faith and credit of the City. Revenue bonds are secured solely by specified revenue sources. Notes payable are collateralized by ad valorem tax revenue within the boundaries of the Community Redevelopment Area, water and sewer non-ad valorem, and special assessment revenue. Special assessment debt is collateralized by special assessments levied against the benefited property owners. Capital leases are collateralized by the related equipment.
By publicly posting the following written disclosure, the City of Cape Coral, Florida, intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC municipal advisor rule.
The City of Cape Coral, Florida, has retained RBC Capital Markets, LLC, as its municipal advisor. We are represented by and will rely on our municipal advisor to provide advice concerning the issuance of municipal securities, investment of bond proceeds and escrow investments. The personnel of our municipal advisor, who will advise us on such matters, have not been associated with another broker dealer firm other than RBC Capital Markets, LLC, within the two years prior to the date of this certificate. This disclosure may be relied upon until posted otherwise.Any materials may be addressed to us at firstname.lastname@example.org and to our municipal advisor at Julie.email@example.com.