CN-550000-ASG37-A0010100.pdf

This document is a State-Funded State Infrastructure Bank (SIB) Loan Agreement between the State of Florida Department of Transportation and the State of Florida Department of Transportation, District I. The agreement is part of a State Infrastructure Bank created under Section 339.55 of Florida Statutes, with a Catalog of State Financial Assistance (CSFA) number of 55.020 and a Contract Number of ASG37.

The loan is for a transportation infrastructure project involving the widening and reconstruction of State Road 82 (Immokalee Road) in Lee County, Florida. The total project length is 2.949 miles, extending from east of Shawnee Road to just east of Alabama Road. The project will transform the existing two-lane undivided rural roadway into a six-lane divided high-speed urban highway, with improvements including three 12-foot wide travel lanes in each direction, a raised 30-foot wide grassed median, Type E curb and gutter, five-foot wide concrete sidewalks, and six-and-a-half-foot buffered bicycle lanes. The total loan amount is $34,955,978.00, with a 0% financing rate, and disbursements are scheduled across multiple fiscal years from 2019 to 2025. The loan is intended to be repaid through District Dedicated Revenue and Statewide Inter/Intrastate Highway Funds.