FINANCIAL_SERVICESAMENDED

Grant Agreement for Madison Terrace Phase I Amended

The City of Lake Worth Beach is set to approve a Second Amendment to its $640,000 Affordable Housing Development and Grant Agreement with Florida Neighbors Foundation, Inc. for the Madison Terrace Phase I low-income housing project. The amendment revises payment timing tied to a temporary certificate of occupancy, extends the project completion deadline to 26 months, and clarifies recording of affordability covenants to satisfy LIHTC requirements.

Status
AMENDED
Document date
August 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Florida Neighbors Foundation Inc
Agency
City of Lake Worth Beach · 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
$640,000
Contract type
FINANCIAL_SERVICES
Contract term
Twenty-six (26) months from October 16, 2024 or until disbursement of funds upon completion and certificate of occupancy, whichever occurs first
Renewal date
2026-12-16
Renewal
Original agreement dated October 16, 2024 with a First Amendment dated November 12, 2025; Second Amendment extends project completion deadline to 26 months and adjusts payment triggers. Agreement terminates upon disbursement of funds following completion and issuance of certificate of occupancy or 26 months, whichever occurs first.
Document type
Agenda
Source document
City of Lake Worth Beach Agenda 2026-08-25

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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 Worth Beach?

Florida Neighbors Foundation Inc was awarded this financial services contract by City of Lake Worth Beach, as recorded on August 20, 2026. The contract value is $640,000.

How much is the Florida Neighbors Foundation Inc contract with City of Lake Worth Beach worth?

The Florida Neighbors Foundation Inc contract with City of Lake Worth Beach is valued at $640,000, 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 Worth Beach Agenda 2026-08-25 (Agenda), dated August 20, 2026 from City of Lake Worth Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Florida Neighbors Foundation Inc hold?

Florida Neighbors Foundation Inc 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 Florida Neighbors Foundation Inc's profile

What is City of Lake Worth Beach currently buying?

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

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