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Board recommends town submit FDEP SRF loan application for Lake Placid Camp waterline, with caveat
Summary
The board voted to recommend that town council submit a Florida Department of Environmental Protection State Revolving Fund loan application for a waterline extension to serve the Lake Placid Camping Conference Center, while reserving the town—s right to decline the loan if a final bulk water agreement is not executed to the town's satisfaction.
The Lake Placid Utilities Advisory Board voted to recommend that town council submit a Florida Department of Environmental Protection (FDEP) State Revolving Fund (SRF) loan application to finance a 10-inch waterline extension serving the Lake Placid Camping Conference Center.
Staff presented the application packet and said the SRF loan amount described in the packet is $2,800,000. Staff noted that the SRF agreement referenced…
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