40. Approve Bank Selection for Water and Sewer Line of Credit

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

Lee County is planning to establish a $150,000,000 line of credit for water and sewer capital improvement projects. This line of credit will provide short-term funding over a two-year period, with the intention of later refinancing it with long-term financing. The county is seeking approval to select PNC Bank, NA as the financial institution for this line of credit. This item is currently under review by the Lee Board of County Commissioners. The project will involve securing interim funding for utility infrastructure upgrades, which could lead to future construction and engineering work. Contractors, suppliers, and service providers in the utility and construction sectors should consider reaching out to the county early to understand potential future needs as plans develop.

line of credit amount

150,000,000 $

funding period

2 year