Broward Continues North Fork Redevelopment Talks With Sistrunk
Broward County School Board Police DepartmentCounty Department · Sunrise, FL- Disclosed value
- Proposed $10,000 nonrefundable upfront payment; affordable housing ground rent of $150,000 annually plus $500 per unit above 200, with 2% annual increases; hotel ground rent of $500 per permitted room annually before occupancy and the greater of $125,000 or $1,250 per permitted room annually after occupancy, with 2% annual increases; $20,000 per townhome certified for occupancy upon exercise of the purchase option
- From agenda
- Document date
- Oct 27, 2026
- Renews
- Free account
The 30-second brief
Broward County Public Schools is continuing exclusive negotiations with Sistrunk Rising, LLC to redevelop the North Fork Elementary property. The proposed transaction includes affordable housing, a hotel, and townhomes under long-term ground-lease structures, with a revised term sheet expected within 45 days and definitive agreements targeted after a 90-day negotiation period.
Sistrunk Rising LLC holds this contract with Broward County School Board Police Department. Its other public contracts on record include work for William T Mcfatter Technical College and Broward County School District.
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Contract details
- Amount
- Proposed $10,000 nonrefundable upfront payment; affordable housing ground rent of $150,000 annually plus $500 per unit above 200, with 2% annual increases; hotel ground rent of $500 per permitted room annually before occupancy and the greater of $125,000 or $1,250 per permitted room annually after occupancy, with 2% annual increases; $20,000 per townhome certified for occupancy upon exercise of the purchase option
- Document date
- October 27, 2026
- Term
- 90-day exclusive negotiation period beginning October 13, 2026; proposed 99-year ground leases for affordable housing and the commercial/hotel component; proposed five-year townhome ground lease with option to purchase
- Renews
- Free account
- Vendor
- Sistrunk Rising LLC
- Source document
- The School Board of Broward County Agenda 2026-10-27 (Agenda)
Sistrunk Rising LLC's other public contracts
More Broward County School Board Police Department contracts
Questions about this contract
Who was awarded the government contract by Broward County School Board Police Department?
Sistrunk Rising LLC was awarded this government contract by Broward County School Board Police Department, as recorded on October 27, 2026. The contract value is Proposed $10,000 nonrefundable upfront payment; affordable housing ground rent of $150,000 annually plus $500 per unit above 200, with 2% annual increases; hotel ground rent of $500 per permitted room annually before occupancy and the greater of $125,000 or $1,250 per permitted room annually after occupancy, with 2% annual increases; $20,000 per townhome certified for occupancy upon exercise of the purchase option.
How much is the Sistrunk Rising LLC contract with Broward County School Board Police Department worth?
The Sistrunk Rising LLC contract with Broward County School Board Police Department is valued at Proposed $10,000 nonrefundable upfront payment; affordable housing ground rent of $150,000 annually plus $500 per unit above 200, with 2% annual increases; hotel ground rent of $500 per permitted room annually before occupancy and the greater of $125,000 or $1,250 per permitted room annually after occupancy, with 2% annual increases; $20,000 per townhome certified for occupancy upon exercise of the purchase option.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in The School Board of Broward County Agenda 2026-10-27 (Agenda), dated October 27, 2026 from Broward County School Board Police Department. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sistrunk Rising LLC hold?
Sistrunk Rising LLC 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 Broward County School Board Police Department currently buying?
Explore Broward County School Board Police Department's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.