Dept of Management Services Florida #PC27-016

Development proposals for City-owned residential lots in Panama City

The City of Panama City is inviting builders and buyers to propose development of City-owned residential lots through its Residential Lot Disposition Program. - Government buyer: City of Panama City, Florida — Purchasing Division. - OEMs and vendors: No OEMs, manufacturers, or commercial vendors are named. Eligible participants are builders and buyers; the City is offering the properties. - Properties offered: Five packages covering 12 residential lots/properties: - Package 1: 2005 E. 7th Court (Parcel ID 16013-000-000) and 920 Cypress Avenue (Parcel ID 16977-000-000). - Package 2: 2609 E. 6th Street (Parcel ID 22239-000-000) and 917 Harris Avenue (Parcel ID 16551-010-000). - Package 3: 609 E. 7th Plaza (Parcel ID 17998-000-000) and 2101 Horizon Lane (Parcel ID 16075-210-000). - Package 4: 519 E. 8th Court (Parcel ID 18010-000-000) and 2105 Horizon Lane (Parcel ID 16075-208-000). - Package 5: 802 E. 8th Street, Lots 8, 9, and 10 (Parcel ID 17274-000-000), and 2103 Horizon Lane (Parcel ID 16075-209-000). - Participation options: Purchase at market value; purchase at a discount with the City receiving 50% of established lot value at closing; or receive a City-contributed lot with the City recovering 100% of its established value at closing. - Key requirements: Builders must hold an active residential building license, demonstrate financing or financial capacity, obtain permits, follow City codes, and begin construction within 12 months after closing. Lots may not be assigned; failure to start construction may result in repurchase or reversion. - Buyers using the discounted-purchase or City-contribution options must occupy the home as their primary residence, meet applicable affordable-housing requirements, qualify through a participating lender, and execute occupancy affidavits. - Proposals must include builder qualifications, preliminary home plans, a construction schedule, and proof of financing or financial capacity. Applicable Community Redevelopment Area incentives may be available, but a property receiving a discounted lot or City contribution cannot also receive CRA demolition grant funding.

Description

The City of Panama City seeks proposals from qualified builders and buyers for City-owned residential lots in Low-to-Moderate Income neighborhoods. The initial release includes five development packages and aims to return vacant property to productive use, encourage private investment, and expand homeownership opportunities. Proposers may purchase lots at market value, receive a discounted purchase price, or participate in a City lot contribution arrangement. Builder requirements include an active residential building license, proof of financing or financial capacity, and beginning construction within 12 months of closing. Proposals are due through the Bonfire Portal by November 4, 2026, at 9:00 a.m. CT.

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