Artistry Lakes Developer Funds $10.95M Private Improvements
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Description
Northern Palm Beach County Improvement District approved Funding Agreement No. 2 with KH Artistry Lakes LLC requiring $10,953,557.50 in cash or letter-of-credit funding for Phase 1B private improvements in Unit 54 – Artistry Lakes. The 24‑month agreement finances Northern’s design, bidding, and construction oversight of the developer’s private infrastructure.
Contract Details
Contract Amount
$10,953,557.50
Vendor
KH ARTISTRY LAKES LLC
Agency
Northern Palm Beach County Improvement District, FL
Contract Type
OTHER
Document Date
June 24, 2026
Contract Term
24 months from Effective Date of Agreement
Renewal Info
Funding Agreement No. 2 is effective for 24 months from its effective date and may be supplemented if construction costs exceed the funded amount; the Developer remains responsible for all construction costs. It does not provide for automatic renewal but could be amended by mutual agreement.
More from KH ARTISTRY LAKES LLC
Issuing Agency
Utility District
Palm Beach Gardens, FL
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Northern Palm Beach County Improvement District Regular Meeting Agenda 2026-06-24
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