Action Item Printout (PDF)
Original PDF as published on the Okaloosa County IQM2 meeting portal.
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Download ↓August 19, 2014
Okaloosa County BOCC — August 19, 2014 — Action Item Printout
Okaloosa County Board of County Commissioners action item printout for the August 19, 2014 meeting. Official document preserved from the county IQM2 public portal, with a searchable OCR text layer.
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Action Item Printout from the Okaloosa County BOCC meeting of August 19, 2014 (IQM2 meeting #1227). Original portal label: Action Item Printout. Preserved as a historical public record; part of the meeting linked as a related source.
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- Action Item Printout
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- August 19, 2014
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- Okaloosa County Board of County Commissioners (IQM2 public portal)
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Machine-extracted text — 33-Action Item Printout.pdf
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BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
DATE: August 19, 2014
TO: Honorable Chairman and Members of the Board
FROM: Sunil Harman
SUBJECT: First Amendment to State Infrastructure Bank (SIB) Loan
DEPARTMENT: Airport
BCC DISTRICT: All
STATEMENT OF ISSUE: The Board of County Commissioners is requested to approve the
First Amendment to a Florida Department of Transportation State Infrastructure Bank (SIB) loan
the County's Department of Airports.
BACKGROUND: The Department of Airport secured a $3 million federally funded FDOT SIB
loan to meet the cash match requirement for the Bob Sikes Airport (CEW) Taxiway A
Rehabilitation and Stormwater Master Plan grants. The Board of County Commissioners
approved this loan on January 11, 2011. The term of the loan is 10 years at 3% annual interest.
The actual funding requirement upon completion of the projects was only $2,803,250.97. The
FDOT has adjusted the principal and interest accordingly in this Amendment. The reduction in
interest to be paid over the term amounts to $160,760.48.
OPTIONS: Approve, Disapprove or Table
RECOMMENDATIONS: The Airport Staff recommends the Board approve this amendment
by authorizing the Chairman to sign the attached Signature Resolution.
RECOMMENDED BY:
APPROVED BY:
Ernie Padgett, County Administrator
Related sources
Okaloosa County BOCC — August 19, 2014
This action item printout is part of the Okaloosa County BOCC meeting of August 19, 2014.
Citation & reuse
“Okaloosa County BOCC — August 19, 2014 — Action Item Printout.” August 19, 2014. Action Item Printout. Crypt of Echoes evidence ID LED-2026-c4f6eeb3c7354b8e9752190a8d26b4f0. https://cryptofechoes.com/evidence/LED-2026-c4f6eeb3c7354b8e9752190a8d26b4f0. Accessed [date].
Public record of Okaloosa County, Florida.
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