SUBJECT
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Adopt Resolution 2024-14 to Approve the Second Amendment to FDEP SRF Loan DW 532001 for the Southeast Wellfield Project (Action)
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DESCRIPTION
The FDEP SRF Loan 532001 for the Southeast Wellfield project has been used by the PRWC to support final design services (design services from 60% to completion) for the Southeast Lower Floridan Aquifer Wellfield Project.
Because the final design services are on-going, PRWC staff have requested a time extension to the loan from FDEP. The FDEP has agreed to provide this extension. The first semiannual loan payment was originally due in September 15, 2024. With this extension, the first loan payment date has been extended to September 15, 2025. These schedule changes will be reflected in the 2025 Business Plan.
RECOMMENDATION
Adopt Resolution 2024-14 to approve the Second Amendment to FDEP SRF Loan 532001 for the Southeast Wellfield Project.
FISCAL IMPACT
The total loan amount is $22,906,290. The fiscal impact of FDEP Loan 532001 does not change with this amendment. The amendment is a time extension only.
CONTACT INFORMATION
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