Town may get $14K from CTA; approves recommendations

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 faci...