County Secures $70M CDBG-DR Infrastructure Agreement
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Description
The Board approved Commerce Agreement No. MS024 with the State of Florida Department of Commerce to receive $70,000,000 in CDBG-DR funds. The subrecipient agreement runs through April 30, 2030 and supports regional stormwater, flood mitigation, and water quality projects in the Lake Hancock basin.
Contract Details
Contract Amount
$70,000,000.00 one-time revenue
Vendor
STATE OF FLORIDA DEPARTMENT OF COMMERCE
Agency
Polk County, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
Contract Term
Effective date upon execution through April 30, 2030
Renewal Date
2030-04-30
Renewal Info
Agreement term through April 30, 2030; extensions may be granted at Commerce’s discretion upon satisfactory justification.
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