Question
The property owners of Biloxis Beach Blvd. requested an enhanced seawall to protect them from the next hurricane. Biloxis City Council agreed to the seawall
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The property owners of Biloxis Beach Blvd. requested an enhanced seawall to protect them from the next hurricane. Biloxis City Council agreed to the seawall but will assess the Beach Blvd. property owners for the next ten years. The city issued 10-year general obligation bonds backed by the citys full faith and credit, but payable from special assessments on the Beach Blvd. property owners, levied specifically for the repayment of the debt. Biloxi would most likely account for the receipts from the special assessment in a (an)
Debt Service Fund
Capital Projects Fund
Custodial Fund
Special Assessment Fund
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