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Punta Gorda staff report $35M in SRF authorizations; loan to be presented to council in April
Summary
Utility staff told the advisory board they secured roughly $35 million in drinking-water State Revolving Fund authorizations (about $17.5 million in principal forgiveness) and said a separate loan closing will be presented to city council at its second April meeting.
Utility staff told the Punta Gorda advisory board that they have put in place major funding authorizations for upcoming drinking-water and wastewater projects and briefed members on near-term loan timing.
The utilities presenter said the drinking-water package totals about $35,000,000, including roughly $17.5 million in principal forgiveness and the remainder repaid at 0% interest; the wastewater application is approximately $10.3…
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