Police Look For Three Persons Of Interest In Murder Case Of Yanira Novelo

The entire Orange Walk Community tonight continues to reel over the vicious attack on twenty-three-y...

Two Men Charged For Robbery At Tang's Store In Corozal

Two men have been arrested and charged for the robbery of Tang's Supermarket in Corozal that took pl...

Murder Case Against Danny Mason Continues

Last night we told you that the trial of William Danny Mason, the man accused of assassinating Pasto...

SCTLD Detected In Belize

A fairly new disease known as Stony Coral Tissue Loss Disease (SCTLD) has been detected in Belize on...

Tourism Industry Continues To Bloom

The Belize Tourism Board (BTB) published its recent statistics for the first half of 2019 which refl...

  • Police Look For Three Persons Of Interest In Murder Case Of Yanira Novelo

    Thursday, 11 July 2019 02:46
  • Two Men Charged For Robbery At Tang's Store In Corozal

    Thursday, 11 July 2019 02:51
  • Murder Case Against Danny Mason Continues

    Thursday, 11 July 2019 02:58
  • SCTLD Detected In Belize

    Thursday, 11 July 2019 03:02
  • Tourism Industry Continues To Bloom

    Friday, 12 July 2019 02:17

Following a meeting with representatives of Legacy Fund Limited on Monday to discuss the current conditions of street infrastructure of Orange Walk Town, the Orange Walk Town Council announced today that it passed a resolution on the option of raising a Municipal Bond Offer to undertake a capital investment of 5 million dollars. Acting on behalf of the council, Mayor Kevin Bernard entered in agreement with the funding agency on a bond prospectus. The Mayor discussed the elements of that bond with us this morning.

Screen_Shot_2014-08-13_at_8.25.26_PMKevin Bernard– Mayor, OWTC

“Monday night we passed a resolution in granting me as the Mayor acting on behalf of the council for us to enter into agreement with the Legacy Financials, these are the people that did the bond offer for Belize City and for Belmopan and we know that the Belize City bond offer did go through and these people have explained to us that they have been able to successfully carry out thee bonds proposals so what the council have said is to wee want to at least air mark to raise a bond of about 5 million dollars and gain thee things go through a process so the first phase is for us to acquire these financial advisors. The Legacy Financials will prepare an actual financial report and that report will basically tell us whether or not we can afford 5 million, whether we can afford more or we could only go for less at that stage then we will have to get the permission from the minister of finance if we are to proceed or not but it is an investment that I can tell you it is worth it because whether or not if it is approved by government which I am hoping that the Prime Minister will look at it not from apolitical perspective but a developmental need for the municipality then I believe we can take this town where we need to take it and show the world that as a municipality we can do so.”

Of note is that the name of funding agency is Legacy Fund Limited, not Legacy Financials as the Mayor mentioned in his interview.

Share this post

This content has been locked. You can no longer post any comment.