High Springs Community Redevelopment Agency Agenda Packet 2026-05-28
CRA Grant Backs Spring Building Mixed-Use Conversion
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Description
The High Springs Community Redevelopment Agency is entering into a Project Incentive Grant Agreement with Spring Building, LLC to reimburse up to $7,500 in eligible costs for converting upper-floor space into short-term lodging within a mixed-use building in the downtown core. The agreement requires project completion, documentation of paid expenses, and five years of maintaining the improvements or pro-rated repayment of grant proceeds.
Contract Details
Contract Amount
$7,500
Vendor
SPRING BUILDING LLC
Agency
City of High Springs, FL
Contract Type
FACILITIES
Document Date
May 26, 2026
Contract Term
Minimum five (5) years maintenance period from project completion; reimbursement upon completion and submittal of paid receipts
Renewal Info
Reimbursement grant up to $7,500 with a five-year maintenance and non-transfer obligation from project completion. No renewals are specified; early transfer or failure to maintain improvements triggers pro-rated repayment.
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