Developer To Fund District FY 2027 Budget

Midtown Improvement District plans to enter into a Fiscal Year 2027 Budget Funding Agreement with Lake Nona Land Company, LLC, under which the developer will fund the District’s actual general fund expenses in lieu of non-ad valorem assessments on its property. The agreement runs from October 1, 2026 to September 30, 2027 and includes enforcement mechanisms such as contractual liens and assessment certification.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Effective October 1, 2026 through September 30, 2027 (Fiscal Year 2027), subject to budget amendments

Renewal date

2027-09-30

Renewal

Agreement is specific to Fiscal Year 2027; future years would require separate funding agreements or assessments.

Document type

AgendaPacket

Source document

Midtown Improvement District AgendaPacket 2026-08-18

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Other contracts from Lake Nona Land Company Llc.

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Midtown Improvement District Board of Supervisors Meeting Agenda Packet 2026-08-18

PENDING

Midtown Improvement District , FloridaAug 18, 2026

Midtown Improvement District AgendaPacket 2026-08-18

APPROVED

Midtown Improvement District , FloridaAug 18, 2026

Midtown Improvement District AgendaPacket Meeting Agenda 2026-08-18

APPROVED

Midtown Improvement District , FloridaObligation to fund actual District general fund expenses for FY 2027 as set forth in the adopted budget (Budget total $567,629.10)Aug 18, 2026

Midtown Improvement District AgendaPacket Board of Supervisors Meeting 2026-05-19

ONGOING

Midtown Improvement District , Florida$2,455,668 Developer advances and $512,400 Developer promissory notes outstanding as of September 30, 2025; plus $9,600 new promissory note on May 21, 2025May 19, 2026

Midtown Improvement District Board of Supervisors Meeting Agenda Packet 2026-05-19

ONGOING

Midtown Improvement District , Florida$2,455,668 Developer advances and $512,400 Developer promissory notes outstanding as of September 30, 2025May 19, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Midtown Improvement District?

Lake Nona Land Company Llc was awarded this financial services contract by Midtown Improvement District, as recorded on August 18, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Midtown Improvement District AgendaPacket 2026-08-18 (AgendaPacket), dated August 18, 2026 from Midtown Improvement District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lake Nona Land Company Llc hold?

Lake Nona Land Company 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 Lake Nona Land Company Llc's profile

What is Midtown Improvement District currently buying?

Explore Midtown Improvement District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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