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CONSTRUCTIONPENDING

North Springs Improvement District Agenda Packet 2026-07-01

District Plans Acquisition Agreement With Developer

North Springs Improvement DistrictDEVELOPERJune 30, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The District intends to execute an Acquisition Agreement with the Parkland Royale II developer to acquire completed water and wastewater infrastructure using Series 2026 bond proceeds. Remaining project components not covered by bond funding will be contributed or funded by the developer under this arrangement.

Contract Details

Vendor

DEVELOPER

Agency

North Springs Improvement District, FL

Contract Type

CONSTRUCTION

Document Date

June 30, 2026

Contract Term

Acquisition by December 2026 (per original Master Engineer’s Report schedule); Final Supplement notes project construction complete as of June 12, 2026

Renewal Info

Future acquisition agreement to be executed prior to or in connection with bond issuance; renewal or amendment terms not yet stated.

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