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Commission approves $21.65M SRF amendment with $5.41M principal forgiveness for drinking‑water projects
Summary
Panama City accepted Amendment 1 to its SRF drinking‑water loan Oct. 14, adding $21,653,303 at 0% interest with $5,413,326 in principal forgiveness and extended repayment and construction deadlines.
Panama City commissioners approved Amendment 1 to the state revolving fund (SRF) drinking‑water loan program on Oct. 14, accepting $21,653,303 in additional 0% financing with a principal forgiveness portion of $5,413,326 and extending construction and repayment deadlines.
Staff said the Florida Department of Environmental Protection agreed to move the first payment date to Sept. 15, 2027 (from May 15, 2026) and to extend the…
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