Notes to SEFA
The City of Springfield was awarded a loan of $10,712,849 in March 2023, through the State of Florida Department of Environmental Protection. This award is identified under ALN No. 66.458, capitalization grants for state revolving funds loan agreement CW030532. As of September 30, 2024, the City had accrued related expenses of $1,829,062 on the project. In accordance with the loan agreement, the City is obligated to repay $2,142,570 of the balance, after loan forgiveness of $8,570,279 is applied, beginning in August 2026. The City of Springfield was awarded a loan of $7,529,254 in May 2023, through the State of Florida Department of Environmental Protection. This award is identified under ALN No. 66.468 capitalization grants for drinking water state revolving fund loan agreement DW030513. As of September 30, 2024, the City had accrued related expenses of $2,191,283 on the project. In accordance with the loan agreement, the City is obligated to repay $2,574,252 of the balance, after loan forgiveness of $4,955,002 is applied, beginning in August 2026.
There were no other types of federal or state financial assistance to be reported that includes endowments, insurance in effect, noncash assistance, donated property or free rent.