PAR debt amortization schedule review
Captiva Erosion Prevention DistrictFlorida- Detected
- Aug 20, 2026
- 75 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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From the meeting
At the August 20, 2026 workshop, GMS reported that it had requested a preliminary amortization schedule from Regions for the District's PAR debt, described as just under $16 million. The board reiterated its intent to amortize the new assessment over seven years, and staff said the seven-year term and the statutory notice language still had to be reconciled before final materials were issued. The loan structure was expected to finalize on September 15, 2026.
No formal substantive board votes were taken during the workshop.
- Meeting date
- August 20, 2026
- Agency
- Captiva Erosion Prevention District
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