Developer to fund District’s FY 2027 budget
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Description
The Water Street Tampa Improvement District is entering a FY 2027 Budget Funding Agreement with Strategic Property Partners LLC, under which the developer will fund up to the District’s budgeted $71,588 in general fund expenses from October 1, 2026 through September 30, 2027. This arrangement replaces the levy of non-ad valorem assessments on the property.
Contract Details
Contract Amount
Up to $71,588 (Funding Obligation equal to actual FY 2027 general fund expenses)
Vendor
STRATEGIC PROPERTY PARTNERS LLC
Agency
Water Street Tampa Improvement District, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 6, 2026
Contract Term
October 1, 2026 – September 30, 2027
Renewal Date
2027-09-30
Renewal Info
Annual budget funding agreement for FY 2027; similar agreements may be executed in subsequent fiscal years subject to Board approval and developer consent.
More from STRATEGIC PROPERTY PARTNERS LLC
Issuing Agency
Utility District
Tallahassee, FL
More from Water Street Tampa Improvement District
Water Street Tampa Improvement District Regular Meeting Agenda Packet May 2026
Water Street Tampa Improvement District Regular Meeting Agenda Packet May 2026
Water Street Tampa Improvement District Regular Meeting Agenda Packet May 2026
Water Street Tampa Improvement District Regular Meeting Agenda Packet May 2026
Water Street Tampa Improvement District Regular Meeting Agenda Packet May 2026
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