the more than $6 million multi-level car park. The bond is expected to be launched early next week.

City officials said yesterday that the public will be advised of details of the offering in the week ahead.

Meanwhile, there were indications that the cost for the carpark, which is to hold 726 cars, has risen since the project began.

Mayor of Hamilton the Rt. Wor. William Boyle, said: "We added a ramp to have an additional exit because we foresaw a situation where there would be a lot of people trying to leave the parking structure within a half hour period.

There will be at least four entrances and exits.'' Corporation Secretary Mr. Roger Sherratt, said: "There are plans to consider electronic surveillance, but such video equipment may not be available immediately upon opening, although security guards will be present.'' Mr. Sherratt said the City is expecting to take delivery of the car park from the contractors by mid-October. The Corporation will then have to paint parking lanes and install pay-parking machines, security equipment and decorative plants.

Said Mr. Sherratt: "The construction is fully on schedule at the moment but we need several weeks just to complete the car park, so we are looking at opening the car park in November.'' The cost of the car park was estimated at $5.5 million, but officials conceded this week that it will come in at more than $6 million, although none would say by how much more.

But Mr. Boyle, said the top level of the car park may have another use that could benefit the community.

He said that the City would consider using the upper level as a roller blade rink when it is not being used by cars or for some other sporting activity.

City officials said they were pleasantly surprised by how much motorists were using the new on-street parking vouchers. And they say the multi-storey car park will be less expensive for motorists, at $2.50 a day, than ground level car parks.

Bermuda businesses ensured the success of the City's roadside paid parking scheme by buying up huge blocks of the tickets in advance for the use of their employees.

Mr. Sherratt said: "Once the Bull's Head car park opens, we will be able to handle 55 percent more cars than we can presently handle in the City car parks. Right now we have 1,300 spaces in all of the Corporation's car parks.

We are going to increase it by 720 spaces.'' Revenues from on-street parking and the Bull's Head car park will be used to service the debt for the car park. The other City parking revenues are kept separate.