District Plans Acquisition Agreement With Developer
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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.
More from DEVELOPER
Issuing Agency
Special District
Coral Springs, FL
More from North Springs Improvement District
North Springs Improvement District Agenda Packet 2026-07-01
North Springs Improvement District Agenda Packet 2026-07-01
North Springs Improvement District Agenda Packet 2026-07-01
North Springs Improvement District Agenda Packet 2026-07-01
North Springs Improvement District Agenda Packet 2026-07-01
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