Came across this within the next City of Orlando Council agenda:
The City has been awarded a grant, "Grant," from the Florida Department
of Transportation's, "FDOT's", Economic Development Transportation
Project Fund on behalf of the United States Tennis Association, "USTA",
in the amount of Two-Million Two-Hundred Forty-Six Thousand
Three-Hundred Twenty Dollars ($2,246,320.00). The Grant will be used for
constructing an entry road, "Entry Road," to the proposed USTA Facility
which is located on a sixty-three (63) acre site within the Lake Nona
DRI. The USTA facility consists of a tennis complex, including a
corporate headquarters component, administrative offices and a
collegiate tennis area with seating for twelve hundred (1200) people, to
serve as the home of the University of Central Florida's men's and
women's varsity tennis programs. Per the terms of the attached Grant
Agreement, the City will ensure that the Entry Road is constructed but
actual construction of the Entry Road will be the responsibility of Lake
Nona under the terms of a separate but related agreement between the
City and Lake Nona, "Lake Nona Agreement." FDOT will disburse qualified
reimbursement payments to the City under this Grant Agreement and City
will then pass those funds through to Lake Nona per the terms of the
Lake Nona Agreement.
The City has been awarded a grant, "Grant," from the Florida Department
of Transportation's, "FDOT's", Economic Development Transportation
Project Fund on behalf of the United States Tennis Association, "USTA",
in the amount of Two-Million Two-Hundred Forty-Six Thousand
Three-Hundred Twenty Dollars ($2,246,320.00). The Grant will be used for
constructing an entry road, "Entry Road," to the proposed USTA Facility
which is located on a sixty-three (63) acre site within the Lake Nona
DRI. The USTA facility consists of a tennis complex, including a
corporate headquarters component, administrative offices and a
collegiate tennis area with seating for twelve hundred (1200) people, to
serve as the home of the University of Central Florida's men's and
women's varsity tennis programs. Per the terms of the attached Grant
Agreement, the City will ensure that the Entry Road is constructed but
actual construction of the Entry Road will be the responsibility of Lake
Nona under the terms of a separate but related agreement between the
City and Lake Nona, "Lake Nona Agreement." FDOT will disburse qualified
reimbursement payments to the City under this Grant Agreement and City
will then pass those funds through to Lake Nona per the terms of the
Lake Nona Agreement.