The town of Century stands to receive more than $41,000 after the council approved a resolution for bond issuance on a cancer treatment project in North Carolina to be financed through Capital Trust Agency (CTA).
The CTA was established with an interlocal agreement between the City of Gulf Breeze and the Town of Century. Neither the town nor the city will be liable to pay the principal or interest on the bonds.
The Tennessee nonprofit corporation Provision Trust, Inc. is looking to acquire, construct, develop and equip a 35,000 square-foot two story proton therapy center with two proton treatment rooms to be located on the Campus of Duke University in Durham, N.C. known as the Provision CARES Proton Therapy Center. An additional 21,000 square-foot area located near the existing children's hospital, where the new facility will be built, will be used as a parking lot.
Proton therapy is a recent cancer treatment innovation, targeting bad tissue while minimizing damage to healthy tissue, which reduces the risk of complications and side effects.
The maximum amount for the project is $115 million, and if bonds are issued in that amount, the fee will be $41,125 to the town.
Councilman Luis Gomez made a motion to approve the resolution, which was seconded by Councilwoman Sandra McMurray Jackson. The motion carried.
