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Dunedin approves up to $12 million line of credit to bridge hurricane repair costs
Summary
The commission approved Resolution 26‑02 on Feb. 5 to authorize a tax‑exempt line of credit not to exceed $12 million to fund hurricane repairs while awaiting FEMA and state reimbursements; staff said interest is reimbursable through FEMA for eligible work.
DUNEDIN, Fla. — The Dunedin City Commission unanimously authorized a tax‑exempt non‑ad valorem revenue note (not to exceed $12 million) on Feb. 5 to bridge repair work the city has done after recent hurricanes while reimbursement from FEMA and the state is pending.
Finance Director Les Tyler told the commission staff estimates total storm repair costs at about $13.6 million and recommended a variable‑rate…
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