2. To authorize the Chairman to execute any required closing

BCC - Regular Board Meeting - 2nd Tuesday · 2026-06-09 · agenda_item

Lake County is considering a significant infrastructure project involving the CR 455, Cook Road, and Schofield Road corridor, located between U.S. 27 and S.R. 429. This project is part of the larger Lake/Orange Expressway Project. The county plans to reimburse the Central Florida Expressway Authority (CFX) for a portion of the costs related to right-of-way acquisition, design, permitting, and construction. The total reimbursement amount is over $16 million, spread across 20 years, with the first payment expected in late 2027. This item is currently under review, with a recommendation for approval to repeal and replace a previous construction agreement. The project will involve extensive civil engineering, land acquisition, and construction work, including site preparation, road construction, and potentially utility relocation. Local contractors, suppliers, and service providers in construction, engineering, and material supply could find opportunities as this project moves forward. Early engagement before final bids and permits are issued may offer a competitive advantage.

fiscal impact

800 $

fiscal impact

16348714.42 $

payment period

20 years

first payment

817436.12 $

annual payments

817435.70 $

fiscal impact

817436.12 $

fiscal impact

817435.70 $