Century Applying For $312K Loan For Wastewater System Repairs. Most Won’t Be Repaid.

August 27, 2020

The Town of Century is applying for a state loan to make wastewater system repairs, but they won’t be required to repay most of it.

According to the Florida Department of Environmental Protection, Century is eligible for a $312,518 loan from the State Revolving Fund Program with a 90% principal forgiveness. That equates to $251,266 the town won’t be required to repay.

The town will pledge water and sewer revenues for repayment of the loan.

The Century Town Council has authorized the loan application, which much be submitted by September 10. If the loan is granted, the binding agreements must be repaid by by December 9.

Comments

5 Responses to “Century Applying For $312K Loan For Wastewater System Repairs. Most Won’t Be Repaid.”

  1. Patty Helton Davis on August 28th, 2020 11:08 pm

    My grandmother raised me and said if you can’t say something nice don’t say nothing at all. They are really nice people that live in Century. and have feelings. You don’t live there and you sure don’t need to say things about it.

  2. judy on August 27th, 2020 9:36 am

    Mercy! These people don’t know when to stop throwing money down a very deep hole! :(

  3. fisherman on August 27th, 2020 9:24 am

    Where are they getting the money to repay their share? If I were the State of Florida I would’t give them a penny I would pay the company doing repair directly.

  4. chris on August 27th, 2020 8:36 am

    Hey, that’s right up Century’s alley. Borrow money and then not repay it.

  5. steve richardson on August 27th, 2020 7:45 am

    I pray and hope they can find someone who knows how to run it because it has gotten worse over the past years. It has gotten where it stinks so bad in century that it should be against the law for anyone to have to smell it. God please send someone who can straighten this town out in Jesus name amen

Written by William Reynolds · Filed Under News