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Fort Myers Beach approves 0% SRF loan amendment to finance stormwater projects
Summary
Council authorized Amendment No. 5 to an SRF loan to cover about $5 million for the Andrews site contract, roughly $2 million in additional stormwater projects and a $1.5 million contingency; finance director said repayments begin in 2029 and the loan carries 0% interest.
The Fort Myers Beach Town Council on Jan. 5 authorized Amendment No. 5 to a Florida Department of Environmental Protection State Revolving Fund (SRF) loan to fund the remaining unfunded portion of the Andrews site contract, several additional stormwater projects and a contingency fund.
Finance Director Joe Onczyk told the council the amendment would fund roughly $5 million to finish the Andrews site work, about $2 million for additional identified projects — including…
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