Refunding bonds.
Cape Coral Code of Ordinances § 19-115
in effect§ 19-115 - Refunding bonds.
The city may, by ordinance of the Council, authorize the issuance of bonds to refund any bonds issued pursuant to this article. The refunding bonds may be issued in an amount sufficient to provide for the payment of the principal of, redemption premium, if any, and interest on the outstanding bonds to be refunded. In the event the principal amount of the refunding bonds shall be greater than the outstanding principal amount of the bonds to be refunded, the Council may increase the assessments which secure the refunding bonds up to an amount not to exceed the difference between the respective principal amounts of the refunding bonds and the outstanding refunded bonds; provided notice to the affected property owners is given in accordance with the notice provisions of § 19-107 hereof and a public hearing is held by the Council.
(Ord. 85-87, § 1, 11-3-1987)
Source: City of Cape Coral, Florida, Code of Ordinances, City Charter and Land Development Code (Municode Library, library.municode.com)URL: https://library.municode.com/fl/cape_coral/codes/code_of_ordinances?nodeId=CH19WASEUT_ARTIXWASESPAS_S19-115REBOFetched: 11/4/2026