FINANCIAL_SERVICESPENDING

City of Oviedo Council Agenda Packet April 2026

Oviedo Weighs Fuel Tax Assignment for Seminole Connector

City’s statutory share of five (5) cent local option fuel tax for up to ten (10) years (projected approx. $388,227 annually)City of OviedoSEMINOLE COUNTYApril 27, 2026

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Description

The City of Oviedo is considering an interlocal agreement with Seminole County to assign its full share of the five‑cent local option fuel tax for a ten‑year period beginning in 2027. The redirected revenues, projected at roughly $388,000 per year, would be used exclusively to help fund the $200 million SR 417 Seminole Connector (S.R. 452) expansion project.

Contract Details

Contract Amount

City’s statutory share of five (5) cent local option fuel tax for up to ten (10) years (projected approx. $388,227 annually)

Vendor

SEMINOLE COUNTY

Agency

City of Oviedo, FL

Contract Type

FINANCIAL_SERVICES

Document Date

April 27, 2026

Contract Term

January 1, 2027 – December 31, 2036 (ten-year assignment period)

Renewal Date

2036-12-31

Renewal Info

Agreement has a fixed ten-year assignment period from January 1, 2027, through December 31, 2036, and may be earlier terminated or extended only by mutual written agreement. Upon expiration, the City’s statutory fuel tax distribution automatically reverts back to the City without further action.