n. Limits on Contracts Exceeding $25,000 and Term more than 1 Year . In the event this

City Commission Regular Meeting · 2026-04-20 · agenda_item

This agenda item concerns limits on contracts that exceed $25,000 and have a term longer than one year. It incorporates Florida Statutes regarding the expenditure of budgeted funds and requires a statement of fund availability before entering into such contracts. The statute states that contracts exceeding one year are executory only for the value of services in succeeding fiscal years. This item is currently under review by the City Commission. While no specific project is detailed, this process could lead to future contracting opportunities for services and supplies. Businesses that provide goods or services valued over $25,000 with terms longer than a year should be aware of these requirements. Early engagement with the city could provide insight into upcoming needs and contracting procedures.

contract value threshold

25000 $

contract term threshold

1 year