City of Panama Awards $415,000 Facilities Contract to Sankofa Group Llc (June 2025)

The Panama City Community Redevelopment Agency approved a development agreement with Sankofa Group, LLC to sell 15 Glenwood-area parcels for $415,000 to build a grocery store, apartments, and townhomes with an affordable housing component. The agreement sets detailed entitlement and construction timelines and grants the CRA a repurchase option if the project does not commence on schedule.

Scope & details

The full contract record, as filed.

Contract amount

$415,000.00

Contract type

FACILITIES

Contract term

Inspection period 180 days from Effective Date; zoning/site plan approvals within 18 months of Effective Date; building permit within 24 months of Entitlements Approval; construction to commence within 90 days of Closing Date; reversion option if no work within 24 months of Closing Date

Renewal

Includes CRA/City option to repurchase the property and any additional property if no site work or vertical construction has commenced within 24 months of the Closing Date; CRA Executive Director may grant two 90‑day extensions to certain deadlines. The restrictive covenant memorializing ongoing project obligations will be negotiated before the end of the inspection period and recorded at closing.

Document type

Agenda

Source document

community_redevelopment_agency_board_meeting_agend.pdf

Related contracts

Other contracts from Sankofa Group Llc.

View all →

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

TERMINATED

City of Panama, FloridaAug 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Panama?

Sankofa Group Llc was awarded this facilities contract by City of Panama, as recorded on June 3, 2025. The contract value is $415,000.00.

How much is the Sankofa Group Llc contract with City of Panama worth?

The Sankofa Group Llc contract with City of Panama is valued at $415,000.00, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in community_redevelopment_agency_board_meeting_agend.pdf (Agenda), dated June 3, 2025 from City of Panama. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sankofa Group Llc hold?

Sankofa Group 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.

View Sankofa Group Llc's profile

What is City of Panama currently buying?

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

View City of Panama's profile