INDIAN SHORES — Last November, Indian Shores Fire Commissioner Larry Schear introduced a proposal at a Town Council meeting to name the monument under construction at Tiki Gardens for former
INDIAN SHORES — The stunning logo of the Tocobaga Indian casting a fishing net in the sun’s glow now officially belongs exclusively to the town of Indian Shores. The Town
INDIAN SHORES â With nearly $4 million in debt, the Town of Indian Shores decided to avail itself of the low interest rates currently available. A resolution passed unanimously 5-0 at the Dec. 8 Town Council meeting to restructure the townâs debt at the exceptional interest rate of 1.21%.
The debt is a consolidation of an already refinanced balance from 2012 on the construction of the Indian Shores Municipal Center and the 2015 expenditure for undergrounding utilities. The old obligation was at a 3.6% interest rate.
Indian Shores had a good year financially with a surplus in excess of $1 million reported for the fiscal year ending Sept. 30. This made it possible for the town to pay off $250,000 towards the principle as part of the restructuring of the new loan. The note will run just shy of ten years with a closing date of Dec. 16, 2020 and a maturity date of Feb. 1, 2030.