FINANCIAL_SERVICESPENDING

City Seeks $5.5M State Loan for WWTP Purchase

The City of Lake City plans to execute loan documents with the State of Florida Department of Commerce for a $5.5 million Rural Community Development Revolving Loan Fund loan. The financing will cover acquisition costs for the Wastewater Treatment Plant at the North Florida Mega Industrial Park, to be repaid from new utilities revenues.

Status
PENDING
Document date
May 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
State of Florida Department of Commerce
Agency
City of Lake · FL

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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
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
$5,500,000.00
Contract type
FINANCIAL_SERVICES
Renewal
Single loan under the Rural Community Development Revolving Loan Fund Program; specific amortization schedule and maturity date are not stated in the agenda.
Document type
Agenda
Source document
City of Lake City Agenda Special Called Council Meeting 2026-05-26

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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 Lake?

State of Florida Department of Commerce was awarded this financial services contract by City of Lake, as recorded on May 26, 2026. The contract value is $5,500,000.00.

How much is the State of Florida Department of Commerce contract with City of Lake worth?

The State of Florida Department of Commerce contract with City of Lake is valued at $5,500,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Lake City Agenda Special Called Council Meeting 2026-05-26 (Agenda), dated May 26, 2026 from City of Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State of Florida Department of Commerce hold?

State of Florida Department of Commerce 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 State of Florida Department of Commerce's profile

What is City of Lake currently buying?

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

View City of Lake's profile

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