Sky Isle developer agreement and loans reassigned

St. Petersburg is considering a resolution to assign, assume, and globally modify the existing developer agreement, loans, and declaration of restrictions for the Sky Isle property from SP One, Ltd. to Preservation 518, Ltd., including extended loan maturities and affordability periods. The action would also authorize subordination of the City’s loans and certain rights of first refusal.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Extended loan maturity dates and affordability period (exact dates not stated)

Renewal

Existing City loans are being modified with extended maturity dates and amortization schedules and an extended affordability period; specific renewal or final maturity dates are not provided in the agenda text.

Document type

Agenda

Source document

City of St. Petersburg Agenda Additions and Deletions 2026-08-05

Related contracts

Other contracts from Sp One Ltd.

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City of St. Petersburg Council Meeting Agenda Packet 2026-08-06

AMENDED

City of St. Petersburg, FloridaJul 30, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of St. Petersburg?

Sp One Ltd was awarded this financial services contract by City of St. Petersburg, as recorded on August 5, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of St. Petersburg Agenda Additions and Deletions 2026-08-05 (Agenda), dated August 5, 2026 from City of St. Petersburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sp One Ltd hold?

Sp One Ltd may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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