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Council halves interest, approves 3-year repayment plan for utility liens on 629 E. Charlotte Ave.
Summary
After discussion, council voted to cut the accrued interest on outstanding utility charges for property at 629 East Charlotte Avenue roughly in half and allow a three-year payment plan for the remaining principal; staff previously recommended waiving only interest and providing a three-year payback of principal.
The Punta Gorda City Council on May 7 approved a councilmember motion to reduce the outstanding accrued interest on utility liens attached to 629 East Charlotte Avenue and allow the new owner a multi-year repayment plan for the remaining balance.
Kristen Simeon, finance director, explained the Utility Advisory Board had recommended waiving…
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