City of Lake City Agenda Special Called Council Meeting 2026-05-26
City Seeks $5.5M State Loan for WWTP Purchase
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Description
The City of Lake City plans to execute loan documents with the State of Florida Department of Commerce for a $5.5 million Rural Community Development Revolving Loan Fund loan. The financing will cover acquisition costs for the Wastewater Treatment Plant at the North Florida Mega Industrial Park, to be repaid from new utilities revenues.
Contract Details
Contract Amount
$5,500,000.00
Vendor
STATE OF FLORIDA DEPARTMENT OF COMMERCE
Agency
City of Lake, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Renewal Info
Single loan under the Rural Community Development Revolving Loan Fund Program; specific amortization schedule and maturity date are not stated in the agenda.
More from STATE OF FLORIDA DEPARTMENT OF COMMERCE
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