39. Approve Budget Amendment Resolution for Water and Sewer Line of Credit

Lee Board of County Commissioners · 2026-05-05 · agenda_item

The Lee Board of County Commissioners is considering a budget amendment to establish accounts for a $150,000,000 line of credit. This funding is intended to finance water and sewer utility capital improvement projects over two years. The line of credit is scheduled to close on May 7, 2026. This item is currently under review. The project will involve establishing accounts and receiving funds, which will then be used for various water and sewer utility capital improvement projects. These projects could include planning, design, and construction phases for infrastructure upgrades. Local contractors, suppliers, and service providers in the utility and construction sectors may find opportunities by engaging early, before specific project details and bidding processes are finalized.

line of credit amount

150,000,000 $

line of credit duration

2 years