b. The Department agrees to participate in the Project cost up to the maximum amount of

City Commission Regular Meeting · 2026-05-19 · agenda_item

This item concerns a planned project where the Department agrees to fund up to $1,487,500, not exceeding 80% of the total eligible project costs. The Agency will cover any costs beyond the Department's contribution, including any overruns. The specific details of the project are further described in Exhibit “B,” Schedule of Financial Assistance. This project is currently under review. The scope of work would likely involve site preparation, construction, and potentially infrastructure development, depending on the project's nature as detailed in Exhibit B. Local contractors, suppliers, and service providers are encouraged to engage early to understand the project's requirements and potential opportunities before final plans and bids are established.

maximum amount of Department participation

1487500 $

Department's participation percentage

80.00 %