Common Contracts
2 similar State Revolving Fund Loan Agreement contracts
BCC MEETING DATEState Revolving Fund Loan Agreement • April 12th, 2021
Upon BCC approval on June 16th, 2020 the County applied for a Florida Department of Environmental Protection (FDEP) water and sewer system project construction loan that offered extremely beneficial interest rates. As a result of the application, the County has been awarded a FDEP state revolving fund (SRF) loan to fund the Wastewater System Rehabilitation and Improvements Projects. The payback terms are for 20 years at an average interest rate of approximately 0.18% with a semi-annual payment of $269,878. The future payments are included in the Utility’s annual operating budget, and are an advantageous component of our overall debt structure. The attached resolution approves the terms and conditions of the SRF loan agreement and authorizes the actual execution and delivery of the SRF loan agreement.
BCC MEETING DATEState Revolving Fund Loan Agreement • January 8th, 2018
Upon BCC approval on November 7th, 2017 the County applied for a Florida Department of Environmental Protection (FDEP) water and sewer system project construction loan that offered extremely beneficial interest rates. The County has been awarded a FDEP state revolving fund (SRF) loan to fund the Ponte Vedra Players Club Water Reclamation Facility. The attached resolution approves the terms and conditions of the SRF loan agreement and authorizes the actual execution and delivery of the SRF loan agreement.
