17) OMB - Loan for Fairways at Tiger Point MSUB (Municipal Services Benefit Unit) and Budget

Commission Committee Meeting · 2026-05-19 · agenda_item

Santa Rosa County is considering a loan of up to $180,000 from its General Fund to the Fairways at Tiger Point Stormwater MSUB. This loan would be for 10 years at a 4% annual interest rate and is tied to Budget Amendment 2026-48. This item is currently under review by the Commission Committee. If approved, the loan would fund stormwater infrastructure improvements for the Fairways at Tiger Point area. This project could involve work such as site preparation, underground utility installation, and potentially paving or other related civil engineering tasks. Local contractors, suppliers, and service providers should consider reaching out to the county or relevant departments early to understand the project's scope and potential needs before final plans and permits are established. This early engagement could provide an advantage in securing future work related to this stormwater project.

loan amount

180000 $

loan term

10 years

interest rate

4 % APR