City of Deerfield Beach Regular City Commission Meeting Agenda May 2026
Hillsboro Inlet District Approves $5.5M Loan for New Dredge
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Description
The Hillsboro Inlet District approved Resolution 2026-02 authorizing a loan of up to $5.5 million from Truist Commercial Equity, Inc. to finance construction and purchase of a new cutter head dredge. The loan will be evidenced by a note and repaid from ad valorem revenues.
Contract Details
Contract Amount
Not to exceed $5,500,000.00
Vendor
TRUIST COMMERCIAL EQUITY INC
Agency
HOUSING AUTHORITY OF THE city OF DEERFIELD BEACH, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
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Local Housing Authority
Deerfield Beach, FL
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