From Village Hall · lake worth beach

Public Private Partnership (P3) / Unsolicited Proposal Policy

Wed, Sep 2

I. INTRODUCTION, POLICY AND INTENT The City of Lake Worth Beach, Florida (hereinafter “City”), encourages redevelopment of underdeveloped and underutilized properties through pubic-private partnerships (hereinafter "P3") where appropriate. While generally adhering to section 255.065, Florida Statutes, the City recognizes properly structured P3 projects share risk and expense amongst public and private partners, encourage efficiencies and innovation in design, construction, operations and maintenance, and maximize funding and cash flow initiatives. A P3 Project involves a contractual agreement between a public agency (federal, state or local) and a private sector entity organized for the purpose of timely delivering services or facilities in a cost-effective manner that might not otherwise be possible using traditional sources of public procurement. Through this contractual agreement, the…

Read at City of Lake Worth Beach official website ↗Ask Fiona about this

Summary by Wellington Roundup, from City of Lake Worth Beach official website. The full story is at the source; we link, we don’t reprint. Provenance: lakeworthbeachfl.gov public sitemap page (government).