District Considers Stormwater Lease With National Stormwater Trust | Heritage Park Community Development District | NATIONAL STORMWATER TRUST INC

Scope & details

The full contract record, as filed.

Contract amount

Initial payment of $10,000; annual lease payment of $11,601, increasing annually by 2.5%; 50% of credit sales after $500,000 in recovered costs, until the District receives $200,000. Proposal materials also reference a $210,000 cash payment, an annual $11,601 payment with a 2.0% escalator, and potential revenue of up to $820,000.

Contract type

FACILITIES

Contract term

99 years from execution/commencement; commencement date blank in proposed agreement

Renewal

Proposed 99-year term; no conventional renewal provision identified. NST may terminate before improvements are made or if required permits are denied or the credit program becomes commercially impracticable.

Document type

AgendaPacket

Source document

Heritage Park Community Development District AgendaPacket September 24, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Heritage Park Community Development District?

National Stormwater Trust Inc was awarded this facilities contract by Heritage Park Community Development District, as recorded on September 20, 2026. The contract value is Initial payment of $10,000; annual lease payment of $11,601, increasing annually by 2.5%; 50% of credit sales after $500,000 in recovered costs, until the District receives $200,000. Proposal materials also reference a $210,000 cash payment, an annual $11,601 payment with a 2.0% escalator, and potential revenue of up to $820,000..

How much is the National Stormwater Trust Inc contract with Heritage Park Community Development District worth?

The National Stormwater Trust Inc contract with Heritage Park Community Development District is valued at Initial payment of $10,000; annual lease payment of $11,601, increasing annually by 2.5%; 50% of credit sales after $500,000 in recovered costs, until the District receives $200,000. Proposal materials also reference a $210,000 cash payment, an annual $11,601 payment with a 2.0% escalator, and potential revenue of up to $820,000., covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Heritage Park Community Development District AgendaPacket September 24, 2026 (AgendaPacket), dated September 20, 2026 from Heritage Park Community Development District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does National Stormwater Trust Inc hold?

National Stormwater Trust Inc 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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What is Heritage Park Community Development District currently buying?

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