City of Groveland to Renegotiate Avalon Project
City of GrovelandCity · Groveland, FL- Disclosed value
- $25,000,000.00
- From minutes
- Document date
- Jun 2, 2025
- Term
- 30 years
The 30-second brief
Groveland is looking to renegotiate a new economic incentive and development agreement with Avalon Group, including TIF revenue and other incentives, in exchange for development project completion and other incentives, in order to complete building permit in 3 years. The project to generate a TIF revenue up to $25,000,000.00 based on a 50% reduction of TIF taxes over 30 years or $833,333.00 per year.
Avalon Group holds this economic incentive and development contract with City of Groveland. Its other public contracts on record include work for Hawaii State Legislature | State of Hawaii and Hawaii Housing Finance & Development Corporation.
Term as filed: 30 years.
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Contract details
- Contract type
- Economic Incentive And Development
- Amount
- $25,000,000.00
- Document date
- June 2, 2025
- Term
- 30 years
- Vendor
- Avalon Group
- Agency
- City of Groveland
- Source document
- city-of-groveland-council-minutes-racetrac-development-avalon-agreement-june-2-2025_22a.pdf (Minutes)
Avalon Group's other public contracts
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Questions about this contract
Who was awarded the economic incentive and development contract by City of Groveland?
Avalon Group was awarded this economic incentive and development contract by City of Groveland, as recorded on June 2, 2025. The contract value is $25,000,000.00.
How much is the Avalon Group contract with City of Groveland worth?
The Avalon Group contract with City of Groveland is valued at $25,000,000.00, covering economic incentive and development work.
What type of contract is this?
This is a Economic Incentive And Development contract, documented as a minutes record.
Where was this contract approved?
This contract appears in city-of-groveland-council-minutes-racetrac-development-avalon-agreement-june-2-2025_22a.pdf (Minutes), dated June 2, 2025 from City of Groveland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Avalon Group hold?
Avalon Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Groveland currently buying?
Explore City of Groveland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.