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IDA advances Gardens at Midtown housing and parking: RFQ, parking grant and property purchase approved
Summary
The IDA approved an RFQ for residential development at Gardens at Midtown, a $1,478,822 rural infrastructure grant for a parking lot, and a small purchase to acquire remaining land for the lot.
The Hardee County Industrial Development Authority approved multiple actions to advance the Gardens at Midtown project in downtown Huachula, including issuing a request for qualifications for residential development, accepting a $1,478,822 rural infrastructure grant for construction of a parking lot, and approving a purchase contract for a narrow 871-square-foot parcel needed to complete the lot.
Sarah, an IDA staff member, said the RFQ seeks full development services for condominium- or townhome-style residential construction intended to support the downtown main street area. Responses to the RFQ are due July 11, and an evaluation committee will rank submissions and recommend a developer to the board. "Once we get to the contract stage of this project, that is where we will insert any deliverables or metrics that the board chooses to place in the agreement," Sarah said.
Sarah told the authority the parking-lot grant is a Rural Infrastructure Fund program award of $1,478,822 for the construction portion of the Gardens at Midtown parking lot. The grant term is 24 months and construction reimbursements are made in 10% increments. She said the award covers construction only; federal or state rules for this grant do not allow land acquisition costs.
To complete the lot footprint, the board approved a purchase contract to acquire roughly 871 square feet of property for $1,500, with a 15-day inspection period and closing within 30 days after inspection. Sarah described the parcel as a narrow "sliver" behind the Taro Mexican restaurant that abuts the back of nearby Main Street buildings.
The RFQ for engineering and construction services, the grant award agreement for parking, and the parcel purchase contract were each approved by voice vote.
