Ocoee City Commission Agenda 2026-06-16
Ocoee Extends Downtown Parking Lease with VMG Investment
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Description
Ocoee City Commission approved a lease amendment with VMG Investment Development LLC, extending the city’s temporary public parking arrangement for two more years at a new rental rate of $5,400 annually. The increased payment addresses higher taxes and operating costs.
Contract Details
Contract Amount
$5,400 per year
Vendor
VMG INVESTMENT DEVELOPMENT LLC
Agency
City of Ocoee, FL
Contract Type
FACILITIES
Document Date
June 16, 2026
Contract Term
2 years (extension period)
Renewal Date
2028-06-16
Renewal Info
First amendment exercises a two-year extension of the original 2024 lease. Lease carries option for further extension if mutually agreed.
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