2. Section 5. of the Standard Grant Agreement is hereby revised to the following:

City Commission Meeting · 2026-07-23 · agenda_item

The City of Palatka is revising Section 5 of a Standard Grant Agreement, allocating a total of $10,500,000 for a project. This funding is sourced from State appropriations, with $7,000,000 from LP, GAA LI 1705A for FY 23-24 and $3,500,000 from LP, GAA LI 1732A for FY 24-25. This item is currently under review by the City Commission. The project will likely involve significant infrastructure or development work, potentially including site preparation, construction, and related services. Early engagement with the city or relevant parties could provide insight into specific project needs and timelines. Businesses specializing in general contracting, site preparation, construction trades, and material supply may find opportunities as the project progresses through its planning phases.

Total Amount of Funding

10,500,000 $

Amount per Source

7,000,000 $

Amount per Source

3,500,000 $

Total Amount of Funding + Grantee Match

10,500,000 $