FINANCIAL_SERVICESPENDING

City of Oviedo Council Agenda Packet April 2026

Oviedo weighs fuel tax assignment for Seminole Connector

Assignment of 100% of City’s statutory share of five-cent local option fuel tax proceeds for up to 10 years (projected approximately $388,227 annually)City of OviedoSEMINOLE COUNTYApril 27, 2026

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Description

The City of Oviedo is considering an interlocal agreement with Seminole County to assign its full statutory share of the five-cent local option fuel tax—projected at about $388,227 per year—for up to ten years to help fund the $200 million Seminole Connector (S.R. 452) project. The Florida Department of Revenue would remit the City’s fuel tax proceeds directly to the County from January 1, 2027 through December 31, 2036, with funds restricted to the connector project.

Contract Details

Contract Amount

Assignment of 100% of City’s statutory share of five-cent local option fuel tax proceeds for up to 10 years (projected approximately $388,227 annually)

Vendor

SEMINOLE COUNTY

Agency

City of Oviedo, FL

Contract Type

FINANCIAL_SERVICES

Document Date

April 27, 2026

Contract Term

January 1, 2027 – December 31, 2036 (10-year assignment period)

Renewal Date

2036-12-31

Renewal Info

Initial assignment period is ten years starting January 1, 2027 and expiring December 31, 2036, with any extension or early termination requiring mutual written agreement. Upon expiration, the City’s statutory fuel tax distribution automatically reverts back to the City.