City of Panama Awards Construction Contract to Golden Developments Llc (June 2026)

The Panama City Community Redevelopment Agency Board approved a Tax Increment Rebate with Golden Developments, LLC for project revitalization at 534 Oak Avenue, 541 Oak Avenue, and one parcel on Oak Avenue. The contract provides an 80% incentive not to exceed $337,101.78 over a period of up to 15 years, with annual disbursements based on performance and tax increment generation.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $337,101.78

Contract type

CONSTRUCTION

Contract term

15 years, or until full award paid, whichever is sooner (no payments after 2044)

Renewal date

2041-12-31

Renewal

Eligibility terminates after 15 years or upon full award disbursement, whichever is earlier. No payments permitted after 2044. Assignment of rights requires CRA consent.

Document type

AgendaPacket

Source document

City of Panama City Community Redevelopment Agency Agenda Packet 2026-06-02

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City of Panama City Community Redevelopment Agency Agenda 2026-08-04

APPROVED

City of Panama, FloridaAug 3, 2026

City of Panama City Community Redevelopment Agency Agenda 2026-06-02

PENDING

City of Panama, FloridaJun 2, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Panama?

Golden Developments Llc was awarded this construction contract by City of Panama, as recorded on June 2, 2026. The contract value is Not to exceed $337,101.78.

How much is the Golden Developments Llc contract with City of Panama worth?

The Golden Developments Llc contract with City of Panama is valued at Not to exceed $337,101.78, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Panama City Community Redevelopment Agency Agenda Packet 2026-06-02 (AgendaPacket), dated June 2, 2026 from City of Panama. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Golden Developments Llc hold?

Golden Developments 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.

View Golden Developments Llc's profile

What is City of Panama currently buying?

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