Town of Lake Placid Town Council Meeting Agenda April 2026
Town Moves to Close Seacoast National Bank Loan
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Description
The Town Council directed staff to work with Seacoast National Bank to close the town’s existing $4 million sewer-to-septic loan and not renew it. This action transitions project financing to a new loan arrangement with Cruz Bank.
Contract Details
Vendor
SEACOAST NATIONAL BANK
Agency
Town of Lake Placid, FL
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Renewal Info
Council explicitly instructed that the current loan with Seacoast National Bank not be renewed and be closed in coordination with the bank.
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