2. Paragraph 3 of the agreement shall be revised to read as follows: AMOUNT OF

Regular Village Council Meeting · 2026-05-12 · agenda_item

This notice concerns a proposed revision to an agreement for property improvements in the Village of Islamorada. The agreement involves a Grantor providing up to $130,000 per fiscal year for materials and services to improve a property. Reimbursement requires the Grantee to pay for costs upfront before seeking full reimbursement quarterly. The Board of County Commissioners and Tourist Development Council will not fund beyond this award. The agreement may be extended for one to five additional years with negotiated compensation. This item is currently under review. The project would involve the procurement of materials and services for property improvements. Potential work could include site preparation, material supply, and various trade services depending on the specific improvements. Local contractors, suppliers, and service providers are encouraged to reach out early to understand the project scope and potential needs before formal bids and permits are finalized.

amount of agreement and payment

130,000 dollars per fiscal year

reimbursement percentage

100 percent

payment request frequency

quarterly

potential extension period

one additional year period