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Summit Villas Project Development Fee Split

Town of Brooksville logoTown of Brooksville
Disclosed value
$4,322,253.00
From agenda
Document date
Jan 21, 2025

The 30-second brief

What it covers

The Summit Villas project has an estimated developer fee of approximately $4,322,253.00 for the developer. The current split is 70% for Fortis and 30% for the BHA.

Who holds it

Fortis Development holds this development contract with Town of Brooksville. Its other public contracts on record include work for City of Bradenton and City of Brooksville.

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Contract details

Contract type
Development
Amount
$4,322,253.00
Document date
January 21, 2025
Term
NA
Vendor
Fortis Development
Agency
Town of Brooksville
Source document
town-of-brooksville-agenda-2025-01-21_4d8.pdf (Agenda)

Fortis Development's other public contracts

City of Bradenton, FloridaBradenton Authorizes $460,000 Sugg Development Support · Sep 10, 2025$460KCity of Brooksville, KentuckySummit Villas project is under development · May 20, 2025UndisclosedTown of Brooksville, OklahomaSummit Villas project update by Fortis Development · May 20, 2025UndisclosedTown of Brooksville, OklahomaFortis Development Updates Summit Villas Project Timeline · May 20, 2025UndisclosedTown of Brooksville, MississippiBrooksville-Based Developer Awarded Summit Villas Project · Jan 21, 2025$4.3MAll Fortis Development contractsVendor profile

More Town of Brooksville contracts

Saxon & GilmoreSaxon and Gilmore's costs approved · Aug 19, 2025UndisclosedSaxon & GilmoreLegal Costs for Summit Villas Approved in Financials · Aug 19, 2025UndisclosedTiffany FairTiffany Fair Updates Board on Retirement Plan · Aug 13, 2025UndisclosedFoster & Foster Consulting Actuaries IncFoster & Foster is the Plan Administrator · Aug 13, 2025UndisclosedMariner Institutional LLCMariner Institutional to invest in DFA · Aug 13, 2025$14KAll Town of Brooksville activityAgency profile

Questions about this contract

Who was awarded the development contract by Town of Brooksville?

Fortis Development was awarded this development contract by Town of Brooksville, as recorded on January 21, 2025. The contract value is $4,322,253.00.

How much is the Fortis Development contract with Town of Brooksville worth?

The Fortis Development contract with Town of Brooksville is valued at $4,322,253.00, covering development work.

What type of contract is this?

This is a Development contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-brooksville-agenda-2025-01-21_4d8.pdf (Agenda), dated January 21, 2025 from Town of Brooksville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Fortis Development hold?

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

What is Town of Brooksville currently buying?

Explore Town of Brooksville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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