Walton/Okaloosa/Santa Rosa Regional Utility Authority Meeting Agenda Packet October 2025
RUA Advances $4.8M SRF Loan for Holt Water Works
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Description
The Regional Utility Authority is submitting a $4.8 million Drinking Water State Revolving Fund loan application on behalf of Holt Water Works, Inc. to finance waterline replacements, a new well and treatment plant, and a 300,000-gallon elevated tank. The 20-year loan, identified as Project No. DW170440, will be repaid from Holt’s water system revenues under an interlocal agreement with the Authority.
Contract Details
Contract Amount
$4,800,000 (requested principal), plus capitalized interest and loan service fee; estimated semiannual payment $1,657 on SRF DW170440 as shown in Attachment #3
Vendor
HOLT WATER WORKS INC
Agency
Walton-Okaloosa-Santa Rosa Regional Utility Authority, FL
Contract Type
FINANCIAL_SERVICES
Document Date
October 2, 2025
Contract Term
20-year amortization requested; anticipated construction period March 1, 2026 – September 1, 2027
Renewal Info
Loan expected to be amortized over 20 years following substantial completion of construction; semiannual repayments will be made from pledged Holt Water Works revenues with 15% coverage. Future amendments to the loan agreement may be executed by RUA as needed.
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Related Contracts
Walton/Okaloosa/Santa Rosa Regional Utility Authority Agenda Packet 2026-06-17
ONGOINGWalton/Okaloosa/Santa Rosa Regional Utility Authority Meeting Agenda Packet October 2025
APPROVEDWalton/Okaloosa/Santa Rosa Regional Utility Authority Meeting Agenda Packet October 2025
APPROVEDIssuing Agency
Walton-Okaloosa-Santa Rosa Regional Utility Authority
Special District
Pensacola, FL
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