City of Palmetto Awards Financial Services Contract to Palmetto Place Llc (August 2026)

The Palmetto Community Redevelopment Agency is approving a Tax Increment Financing Reimbursement Agreement with Palmetto Place LLC to support a $56 million mixed-use redevelopment at 702 10th Avenue West. The CRA will reimburse up to 80% of the annual tax increment for up to 13 years or until CRA termination in 2042, with conditions tied to project completion, code compliance, and ongoing property tax payments.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Up to 13 annual reimbursement payments through Fiscal Year 2042 or CRA termination, whichever is sooner

Renewal date

2042-09-30

Renewal

Agreement term runs until CRA termination or September 30, 2042, with a maximum of 13 annual reimbursement payments; deadlines for construction start and certificates of occupancy may be extended for up to two years due to force majeure.

Document type

AgendaPacket

Source document

City of Palmetto CRA Board Agenda Packet 2026-08-17

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Palmetto?

Palmetto Place Llc was awarded this financial services contract by City of Palmetto, as recorded on August 17, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Palmetto CRA Board Agenda Packet 2026-08-17 (AgendaPacket), dated August 17, 2026 from City of Palmetto. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Palmetto Place Llc hold?

Palmetto Place 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.

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