I. The Legislature authorizes the Agency to operate

Board of County Commissioners Regular Meeting · 2026-04-28 · agenda_item

This agenda item concerns the Agency's authority to operate statewide. The Agency, created by the City of Kissimmee and Flagler County, helps property owners finance improvements using assessment-backed revenue bonds. These bonds are repaid using assessments collected on property tax bills. Previously, the Agency could only fund projects within the creating local governments' boundaries or through partnerships. However, a 2012 legislative change expanded the definition of 'local government' to include entities like the Agency. This change grants the Agency statewide authority to issue assessment-backed bonds for property improvements. This item is currently under review by the Board of County Commissioners. The potential work involves financing mechanisms for property improvements, which could lead to future construction and related services. Contractors, suppliers, and service providers should monitor this item as it progresses to understand potential future opportunities in property improvement financing.