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File #: 22-870   
Status: Agenda Ready
In control: Public Works - Construction Management Division
On agenda: 5/24/2022 Final action:
Title: A. MOTION TO APPROVE assignment of selected P3 Developer for the Supervisor of Elections Facility (PNC2120462F1), from Spectrum Investors, LLC, to CORE Broward SOE, LLC. (Exhibit 1) ACTION: (T-10:29 AM) Approved. VOTE: 8-0. Commissioner Ryan was not present. B. MOTION TO APPROVE Comprehensive Agreement Term Sheet among Broward County, Spectrum Investors, LLC and CORE Broward SOE, LLC, for Bid No. PNC2120462F1, for acquisition of the property by Broward County and continued design, and construction of the project; and increasing the Estimated Guaranteed Maximum Price from $63,008,138 to $103,000,000. (Exhibit 2) ACTION: (T-10:29 AM) Approved. VOTE: 8-0. Commissioner Ryan was not present. C. MOTION TO AUTHORIZE County Administrator to make non-material changes to the Term Sheet as determined by her to be in the County's best interest; and to execute the Comprehensive Agreement in substantial conformity with the Term Sheet and so long as the final Guaranteed Maximum Price does not ...
Attachments: 1. Exhibit 1 - Broward County Term Sheet SOE Project EXECUTED
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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Broward County Commission Regular Meeting
Director's Name: Trevor M. A. Fisher
Department: Public Works Division: Construction Management

Information
Requested Action
title
A. MOTION TO APPROVE assignment of selected P3 Developer for the Supervisor of Elections Facility (PNC2120462F1), from Spectrum Investors, LLC, to CORE Broward SOE, LLC. (Exhibit 1)

ACTION: (T-10:29 AM) Approved.

VOTE: 8-0. Commissioner Ryan was not present.

B. MOTION TO APPROVE Comprehensive Agreement Term Sheet among Broward County, Spectrum Investors, LLC and CORE Broward SOE, LLC, for Bid No. PNC2120462F1, for acquisition of the property by Broward County and continued design, and construction of the project; and increasing the Estimated Guaranteed Maximum Price from $63,008,138 to $103,000,000. (Exhibit 2)

ACTION: (T-10:29 AM) Approved.

VOTE: 8-0. Commissioner Ryan was not present.

C. MOTION TO AUTHORIZE County Administrator to make non-material changes to the Term Sheet as determined by her to be in the County's best interest; and to execute the Comprehensive Agreement in substantial conformity with the Term Sheet and so long as the final Guaranteed Maximum Price does not exceed the Estimated Guaranteed Maximum Price set forth in the Term Sheet, on behalf of Broward County, after review and approval as to legal sufficiency by the Office of the County Attorney. (Commission District 8)

ACTION: (T-10:29 AM) Approved.

VOTE: 8-0. Commissioner Ryan was not present.


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Why Action is Necessary
Board of County Commissioners' approval is required for agreements exceeding $500,000. Section 255.065(6), Florida Statutes, provides that a public entity may enter into a comprehensive agreement with a private entity proposing the development or operation of the qualifying project.

What Action Accomplishes
Provides for the development and construction of the Supervisor of Elections facility that will be owned by Broward County, on land to be owned by Broward County at 2050 ...

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