Tri-City Ledger -

By Gretchen McPherson
Ledger Staff 

Town may get $14K from CTA; approves recommendations

 

November 8, 2018



The Town of Century could receive as much as $14,000 as a fee for approving bond issuance through the Capital Trust Agency (CTA) for SGSL Fee Owner LLC, a for-profit company, to acquire and convert a hotel to a senior assisted living facility and memory care facility in Sunrise, Fla.

CTA representative Michael Stebbins approached the council Monday night to approve the bond issuance through a resolution amending the interlocal agreement between the town of Century and the City of Gulf Breeze. Neither municipality will be responsible for repaying the bonds.

The Sawgrass Grand Senior Living...



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