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Hardee County Economic Development Council/Industrial Development Authority Agenda 2026-06-11

Kinbro Closes Lease-to-Purchase Deal with IDA

$1,098,582.81 (after $101,393.94 job creation credit from $1,200,000 option)Hardee CountyKINBROJune 11, 2026

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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
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Description

Kinbro successfully acquired 1499 US Hwy 17 North from the Hardee County Industrial Development Authority, exercising its lease purchase option and receiving job creation incentives. The final sale price was $1,098,582.81, with the transaction closing March 12, 2026.

Contract Details

Contract Amount

$1,098,582.81 (after $101,393.94 job creation credit from $1,200,000 option)

Vendor

KINBRO

Agency

Hardee County, FL

Contract Type

OTHER

Document Date

June 11, 2026

Contract Term

Sale closed March 12, 2026; option terms from lease initiated prior to April 2026 notice

Renewal Date

2026-03-12

Renewal Info

Option exercised as stipulated in lease; purchase completed March 12, 2026. No further renewal.

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