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Weekly Roundup: Oct. 19-23

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Catch up on this week’s top business news here. For daily information, subscribe to our free newsletter, Gulfshore Business Daily, and find archived newsletters at GulfshoreBusiness.com.

 

Friday, Oct. 23

COLLIER COUNTY COMMISSIONERS APPROVE REVISED ORDER EXTENDING MASK MANDATE SIX MONTHS

Commissioners approved an executive order Thursday that extends the Collier County mask mandate for nearly six months because of the pandemic. The order requires cloth coverings of one’s nose and mouth in public buildings and business establishments in the unincorporated areas of the county until April 13, the end of the season. During the meeting, commissioners Burt Saunders, Andy Solis and Penny Taylor wore face masks, telegraphing the 3-2 vote. Commissioners Donna Fiala and Bill McDaniel, who did not wear masks on the dais, voted against extending the mandate. Of the roughly 50 citizens who spoke in person or remotely about the issue during Thursday afternoon’s more than four-hour special meeting, about 30 were against extending the order, while 20 were for it. Saunders, Solis and Taylor said the hundreds of emails they each recently received overwhelmingly favored continuing the mandate. The revised order, maintained through county code enforcement complaints, will apply when social distancing is not possible. There are some exceptions; for instance, the requirement does not apply to restaurant patrons while seated at a table, gym patrons while working out, or by people getting haircuts if wearing a face-covering interferes with service. Also, masks are not required for children under the age of 9 or anyone who has breathing difficulties.  
 

Sign outside of a Collier County business asking customers to please wear a mask inside. Credit: WINK News.

Thursday, Oct. 22

COLLIER COUNTY PLANS SPECIAL MEETING TODAY REGARDING MASK MANDATE

The Collier County Board of County Commissioners has scheduled a special meeting for this afternoon to consider extending its mask mandate during the coronavirus pandemic. The board’s agenda will include a recommendation to consider whether to extend an executive order mandating that individuals wear a face-covering in certain circumstances. The order was approved Sept. 3 and will expire at midnight tonight unless extended. The meeting starts at 3 p.m. Thursday in Commission chambers at the Collier County Government Center, 3299 Tamiami Trail E., in East Naples, and will be broadcast live on Collier TV channel 97/98 and live-streamed on the county website and on FacebookWINK News reports.
 

Wednesday, Oct. 21

LEE COUNTY COMMISSIONERS APPROVE FLOOD MITIGATION PROJECTS

Lee County commissioners on Tuesday voted to approve contracts for the design of two flood-mitigation projects in south Fort Myers. The projects are part of the board’s ongoing commitment to flood mitigation and water quality. The projects will design improvements for the Iona Drainage District Canal H-7, located just south of College Parkway between Florida SouthWestern College and Cleveland Avenue. The area serviced by the canal experienced flooding from multiple rain events. The contract was awarded to Kimley-Horn and Associates for $268,745. Also approved were modifications to the drainage network along the southern end of Ten Mile Canal in the Lee County U.S. 41 Industrial Park area. The contract with Kisinger Campo & Associates Corp is for $246,082. The project design for both are funded in part by a grant from the Florida Department of Emergency Management.
 

Tuesday, Oct. 20

LEECARES, COLLIERCARES PROGRAMS EXTENDED FOR PANDEMIC ASSISTANCE

LeeCARES and CollierCARES programs have been extended for those still struggling to make ends meet because of the pandemic. Both Lee and Collier counties started accepting online applications again Monday. LeeCARES has new three new rounds of utility payment assistance for October, November and December, expanded childcare assistance and more funding for area food banks. For more information about LeeCARES, go to leeflcares.com. CollierCARES also assists full-time residents behind on basic payments such as rent or mortgage. Qualifying Collier businesses employing 50 people or fewer also are eligible for funding. For more information about CollierCARES, go here.
 

Monday, Oct. 19

HERTZ GLOBAL HOLDINGS SECURES COMMITMENTS OF $1.65 BILLION IN DEBTOR-IN-POSSESSION FINANCING

Hertz Global Holdings Inc. has secured commitments for debtor-in-possession (DIP) financing totaling $1.65 billion and has filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware. The proposed DIP financing will support the company as it moves through the next stage of its Chapter 11 process. The financing is to be provided by certain of the company’s pre-petition first-lien lenders and is expected to be structured as a delayed draw term loan debtor facility. Up to $1 billion can be used to provide equity for vehicle acquisition in the U.S. and Canada. Up to $800 million can be used for working capital and general corporate purposes. The financing is subject to finalization of definitive documentation, court approval and other customary conditions, and a hearing is scheduled for Oct. 29. Moelis & Co. is serving as investment banker, FTI Consulting is serving as Hertz’s financial advisor and White & Case LLP is serving as Hertz’s legal advisor. For more information, click here.

 

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