Cert2252_App2104_City-of-St.-Petersburg_(2).pdf

This is a Voluntary Cleanup Tax Credit Certificate issued by the Florida Department of Environmental Protection (FDEP) to the City of St. Petersburg pursuant to Section 376.30781, Florida Statutes. The certificate authorizes a tax credit in the amount of $206,104.59 to be applied toward Corporate Income Tax under Section 220.1845, Florida Statutes. The certificate, numbered 2252, was issued for Fiscal Year 2025-2026 and relates to Calendar Year 2024. The underlying tax credit was generated through remediation activities at a Brownfield facility (FDEP Facility ID# BF529901009) and corresponds to VCTC Application #2104. The certificate is transferable to qualified individuals or entities subject to Department approval and execution of proper transfer documentation.

The City of St. Petersburg is seeking qualified broker or advisory firms to market, structure, and facilitate the transfer or sale of this tax credit in a manner most advantageous to the municipality. Per the associated Request for Proposals, the tax credit represents funds generated through the FDEP's Voluntary Cleanup Tax Credit Program, which incentivizes Brownfield remediation. Tax credit transfers must be submitted to FDEP's Division of Waste Management in Tallahassee with executed transfer authorization letters specifying transferee details and the portion of credit being transferred in whole units of no less than 25 percent. Transferred credits cannot be further transferred but may be inherited through mergers or acquisitions of the transferee entity.