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The City of Ocala and the State of Florida Department of Transportation have entered into a subordination agreement, where the City subordinates its interests in certain lands to t

April 28, 2023 · Ocala, FL
Source: Source Document (DOCX)
Retrieved April 28, 2026 from ocala.legistar1.com ↗
Confidence: 95%
High

Summary

The City of Ocala and the State of Florida Department of Transportation have entered into a subordination agreement, where the City subordinates its interests in certain lands to the FDOT for a transportation facility project. The agreement outlines the terms and conditions for the subordination, including the payment of costs for relocating City facilities and the retention of rights by the City. The agreement is for the benefit of the City and the FDOT, and it supersedes any contrary provisions in utility permits issued to the City.

Details

Summary
The City of Ocala and the State of Florida Department of Transportation have entered into a subordination agreement, where the City subordinates its interests in certain lands to the FDOT for a transportation facility project. The agreement outlines the terms and conditions for the subordination, including the payment of costs for relocating City facilities and the retention of rights by the City. The agreement is for the benefit of the City and the FDOT, and it supersedes any contrary provisions in utility permits issued to the City.