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FINANCIAL_SERVICESAPPROVED

Water Street Tampa Improvement District Agenda Packet 2026-05-06

Developer to fund District’s FY 2027 budget

Up to $71,588 (Funding Obligation equal to actual FY 2027 general fund expenses)Water Street Tampa Improvement DistrictSTRATEGIC PROPERTY PARTNERS LLCMay 6, 2026

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

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.

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