Sanford Enters $3.72 Million Drinking Water Loan | City of Sanford - Purchasing Division | STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION

Scope & details

The full contract record, as filed.

Contract amount

$3,715,551 estimated loan principal, consisting of $3,638,751 in disbursable funds and $76,800 in capitalized interest; $72,775 estimated loan service fee; $3,788,326 total amount to be repaid

Contract type

FINANCIAL_SERVICES

Contract term

20 years; effective February 12, 2025; scheduled construction completion May 15, 2028; semiannual repayments beginning November 15, 2028

Renewal date

2045-02-12

Renewal

The agreement allows written amendments to revise project costs, loan amount, schedule, and repayment amount. A final amendment is required after project completion and inspection; the agreement was subsequently targeted for annulment by Resolution No. 2026-3506.

Document type

Resolution

Source document

City of Sanford Resolution No. 2026-3506 Annulment of State Revolving Fund Loan DW5901B0 2026-09-14

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amendment_1_to_loan_agreement_dw460212.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Sanford - Purchasing Division?

State of Florida Department of Environmental Protection was awarded this financial services contract by City of Sanford - Purchasing Division, as recorded on September 14, 2026. The contract value is $3,715,551 estimated loan principal, consisting of $3,638,751 in disbursable funds and $76,800 in capitalized interest; $72,775 estimated loan service fee; $3,788,326 total amount to be repaid.

How much is the State of Florida Department of Environmental Protection contract with City of Sanford - Purchasing Division worth?

The State of Florida Department of Environmental Protection contract with City of Sanford - Purchasing Division is valued at $3,715,551 estimated loan principal, consisting of $3,638,751 in disbursable funds and $76,800 in capitalized interest; $72,775 estimated loan service fee; $3,788,326 total amount to be repaid, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Sanford Resolution No. 2026-3506 Annulment of State Revolving Fund Loan DW5901B0 2026-09-14 (Resolution), dated September 14, 2026 from City of Sanford - Purchasing Division. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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