The City of Ocala and the State of Florida Department of Transportation have entered into a subordination agreement regarding utility interests in certain lands determined necessar
The City of Ocala and the State of Florida Department of Transportation have entered into a subordination agreement regarding utility interests in certain lands determined necessary for a transportation facility. The agreement establishes the terms under which the City's interests will be subordinated to the FDOT's interests, including provisions for the relocation or removal of City facilities and the payment of associated costs. The agreement also outlines the procedures for the City to exercise its rights in accordance with FDOT standards.
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Summary
The City of Ocala and the State of Florida Department of Transportation have entered into a subordination agreement regarding utility interests in certain lands determined necessary for a transportation facility. The agreement establishes the terms under which the City's interests will be subordinated to the FDOT's interests, including provisions for the relocation or removal of City facilities and the payment of associated costs. The agreement also outlines the procedures for the City to exercise its rights in accordance with FDOT standards.