debt

Gulf Breeze amenities get top priority

Gulf Breeze amenities get top priority

As state auditors prepare to examine the books at the City of Gulf Breeze, officials there are outlining spending plans to showcase the municipality: from a new police station to a children’s park splashpad. Although funding isn’t yet available for all the myriad projects detailed in a new city report, officials say the money can […]

Follow the trail of money

Follow the trail of money

This week’s story by Rob Johnson on the Fairpoint refinancing sheds a lot of light on the entire deal that is now for all purposes – dead. Fairpoint’s board president, Buz Eddy is looking a little contrite after causing quite the stir over the supposed urgent need for refinancing Fairpoint’s debt. He and fellow board […]

Fairpoint’s finances raise questions

Fairpoint’s finances raise questions

The concerns that prompted Gulf Breeze-based officials of Fairpoint Regional Utility System to press for a controversial debt restructuring last year have largely drowned in black ink. Also gone—at least for now—are fears that an increase in the price of water that Fairpoint sells to the collective’s members, such as Holley Navarre Water System, could […]

Fairpoint debt deal appears dead

Fairpoint debt deal appears dead

The controversial loan restructuring that would have raised the debt total of Fairpoint Regional Utility System by about 40 percent took a big hit last week when Holley Navarre Water System voted in a new board. Fairpoint needs the support of all three of the collective’s member utilities, and the likelihood of getting that from […]

Water board faces outside political pressure

Water board faces outside political pressure

Do it our way. That’s the message from City of Gulf Breeze officials to the Holley Navarre Water System board about a controversial proposal to refinance $9.8 million in debt held by the collective from which the utility buys most of its water. A majority of HNWS directors recently rebuffed the inperson pitch by Fairpoint […]

Winds of change buffet water board

Winds of change buffet water board

The fractious fraternity that makes up the seven-member board of Holley Navarre Water System is becoming more strident with almost every monthly meeting and the delicate balance of voting power may be in for a shake-up. That’s partly because the utility’s board elections scheduled for January could bring the return of Daryl Lynchard, the board […]

Water utilities to gamble on more debt

Water utilities to gamble on more debt

Failing to set aside funds for emergencies has previously meant a financing scramble for the utility collective that provides water to south Santa Rosa, and now officials think they see a solution: take on about $4 million in long-term debt. Though perhaps unlikely at first glance, the strategy of Holley Navarre Water System and the […]

Tourism panel balks at loan for park redo

Tourism panel balks at loan for park redo

County tourism leaders were hesitant Monday to back plans to pay for nearly $2 million in Navarre Park improvements through more than doubling the loan on the Navarre Beach Visitors Center. Tourist Development Committee (TDC) members in attendance all spoke favorably of the proposal to make some improvements to the park despite negative comments about […]

Time line of the missing Sugar Dunes lease fees

Time line of the missing Sugar Dunes lease fees

The strategy of writing off a long overdue debt recently cost Santa Rosa County about $180,000, but it sliced the annual lease fees roughly in half for the owners of 14 Navarre Beach condominium units in the Sugar Dunes complex. Thus the saga of Sugar Dunes’ unaccounted-for lease fees ended last month without so much […]

Financial Peace University: Saving and giving can go hand in hand

Financial Peace University: Saving and giving can go hand in hand

First Baptist Church of Navarre is hosting Financial Peace University, a finance class centered on managing money through “God’s way,” Tuesday nights from 6:30-8 p.m. at the church. Jamie Ellis is the Senior Public Relations Coordinator for Ramsay Solutions, the company that created and sells the program. She said that scripture is a big part […]

Gulf Breeze struggles to balance budget

Gulf Breeze struggles to balance budget

Find me the money. That’s what City of Gulf Breeze council members are saying to department heads and their accountant as they try to escape a pool of red ink welling up in the budget for next year. Although the municipality of about 6,000 residents boasts an affluent image with average housing values topping $240,000– […]