2. To authorize the Chairman to execute any required closing

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

The Lake County Board of County Commissioners is considering a significant infrastructure project involving the CR 455, Cook Road, and Schofield Road improvements. This project is part of the larger Lake/Orange Expressway Project and is located between U.S. 27 and S.R. 429. The county plans to reimburse the Central Florida Expressway Authority for a portion of the right-of-way acquisition, design, permitting, and construction costs. This project is currently under review, with a proposed agreement to repeal and replace a previous construction agreement. The work will involve extensive civil engineering, land acquisition, and construction phases over a 20-year period, starting with initial payments in Fiscal Year 2028. Contractors specializing in heavy civil construction, road building, utility work, and material supply will find opportunities as this project moves through its planning and approval stages. Early engagement with project managers and relevant authorities is advised before final bids and permits are issued.

total project cost

16,348,714.42 $

first payment

817,436.12 $

annual payments

817,435.70 $

payment duration

20 years