DEPARTMENT MAKING REQUEST
Utilities
Title
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Florida Department of Environmental Protection (FDEP) Supplemental Appropriation for Hurricanes Fionna and Ian (SAHFI) Loan Agreement WW0802K0 for East Port Water Reclamation Facility Plant Expansion
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REQUESTED MOTION/ACTION
recommendation
Recommended Action:
a) Approve loan agreement WW0802K0 with the State of Florida Department of Environmental Protection (FDEP) in the amount of $19,832,318.00 with the full loan amount forgiven; and
b) Approve Resolution authorizing the Chairman to execute the agreement and County Administrator, or designee, to execute future loan documents relating to the FDEP for the East Port Water Reclamation Facility Plant Expansion; and
c) Approve amending to Capital Improvement Project “East Port WRF Expansion.”
d) Authorize the Chairman to execute the Agreement and Resolution.
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budget
Budgeted Action:
No action needed. Amend the FY25 Capital Improvement Project “East Port WRF Expansion” to recognize total SRF funding including $19,823,318 provided by the Supplemental Appropriation for Hurricanes Fionna and Ian (SAHFI) through the Florida Environmental Protection Department and Clean Water State Revolving Fund (CWSRF). Upon meeting submission deadlines and final inspection of the project and project records, the Florida Department of Environmental Protection is authorized to allow principal forgiveness on the loan principal.
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BACKGROUND (Why is this Action Necessary, and What Action will be accomplished)
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Background:
On November 8th, 2023, the Florida State Revolving Fund announced the Supplemental Appropriations for Hurricane Ian, with $317,415,000 available to clean water projects and $171,295,000 available to drinking water projects. Appropriations will be awarded as loans with 100% principal forgiveness. Eligible projects include hurricane recovery projects and projects that build community resilience.
Charlotte County has been awarded $19,832,318.00, executed in the form of a loan with 100% of the principal forgiven and a 0% interest rate. Funds will be used for to construct an elevated storage tank and water booster station in South County.
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