City of Panama Awards Financial Services Contract to Kbp Properties Florida Llc (August 2026)

The Panama City CRA is considering approval of a Tax Increment Rebate Program application from KBP Properties Florida, LLC for the redevelopment of five single-family units at 4101 W. 19th Street into commercial office space. The proposed Performance Agreement would provide a 70% tax increment rebate, capped at $149,472.17, over a term of up to 15 years, funded from future TIF revenues generated by the project.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $149,472.17

Contract type

FINANCIAL_SERVICES

Contract term

Not to exceed 15 years

Renewal date

2041-12-31

Renewal

Performance Agreement specifies annual rebate claims via Award Disbursement Request Letters for up to 15 years or until the total award of $149,472.17 has been disbursed. Failure to submit an annual ADRL terminates future rebate payments. No automatic renewal beyond the 15-year maximum and CRA’s operational horizon of 2044.

Document type

Agenda

Source document

City of Panama City Community Redevelopment Agency Agenda 2026-08-04

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City of Panama City Community Redevelopment Agency Agenda 2026-08-04

PENDING

City of Panama, FloridaAug 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Panama?

Kbp Properties Florida Llc was awarded this financial services contract by City of Panama, as recorded on August 3, 2026. The contract value is Not to exceed $149,472.17.

How much is the Kbp Properties Florida Llc contract with City of Panama worth?

The Kbp Properties Florida Llc contract with City of Panama is valued at Not to exceed $149,472.17, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Panama City Community Redevelopment Agency Agenda 2026-08-04 (Agenda), dated August 3, 2026 from City of Panama. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kbp Properties Florida Llc hold?

Kbp Properties Florida Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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