FINANCIAL_SERVICESAPPROVED

City of Winter Haven Awards Financial Services Contract to Southstate Bank N.a. (June 2026)

The Winter Haven CRA Board approved a Developer's Agreement with SouthState Bank, N.A., providing up to 20 years of TIF rebates and reimbursement of up to $484,023 in utility connection fees for a new Downtown office project. Payments will be made as outlined in the agreement.

Status
APPROVED
Document date
June 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Southstate Bank N.a.
Agency
City of Winter Haven · FL

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Tax Increment Financing rebates (90% for 10 years, 60% for next 10 years); up to $484,023 water/wastewater connection reimbursement
Contract type
FINANCIAL_SERVICES
Contract term
20 years; water/wastewater fee reimbursement over 4 years
Renewal date
2046-12-31
Renewal
TIF rebates structured at 90% (10 years), 60% (years 11–20); water/wastewater reimbursements over 4 years.
Document type
AgendaPacket
Source document
Winter Haven Community Redevelopment Agency Agenda Packet 2026-06-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Winter Haven?

Southstate Bank N.a. was awarded this financial services contract by City of Winter Haven, as recorded on June 8, 2026. The contract value is Tax Increment Financing rebates (90% for 10 years, 60% for next 10 years); up to $484,023 water/wastewater connection reimbursement.

How much is the Southstate Bank N.a. contract with City of Winter Haven worth?

The Southstate Bank N.a. contract with City of Winter Haven is valued at Tax Increment Financing rebates (90% for 10 years, 60% for next 10 years); up to $484,023 water/wastewater connection reimbursement, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Winter Haven Community Redevelopment Agency Agenda Packet 2026-06-08 (AgendaPacket), dated June 8, 2026 from City of Winter Haven. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southstate Bank N.a. hold?

Southstate Bank N.a. may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Southstate Bank N.a.'s profile

What is City of Winter Haven currently buying?

Explore City of Winter Haven's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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