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

City Commission Regular Meeting · 2026-06-16 · agenda_item

This item concerns a proposed policy for the City of Fernandina Beach regarding contracts that exceed $25,000 and last longer than one year. The policy incorporates Florida Statutes to ensure that expenditures do not exceed budgeted funds within a fiscal year. Any contract violating this rule would be void. This is currently under review by the City Commission. The policy aims to regulate future agreements, potentially involving site work, construction, or services. Contractors, suppliers, and service providers should be aware of these financial and term limits for future city projects. Understanding these requirements early can help businesses prepare for upcoming opportunities and ensure compliance.

contract value threshold

25000 $

contract term threshold

1 year