A $15.5 million sale of municipal bonds to fund more than a dozen drainage projects in Miami Lakes were popular among buyers and raised $18,725,000.
The July 22 sale of the bonds that were rated A+ by Fitch and A1 by Moody’s sold at a premium and after paying fees, the town said it netted $18,264,000.
“The market was willing to pay more for them,” Town Manager Edward Pidermann said.
Bonds are debt and the town will...