By David Volz
Progress is moving ahead on the new Fort Lauderdale City Hall.
The Fort Lauderdale City Commission received a presentation providing an overview of the proposed Interim Agreement Term Sheet related to the development of a new City Hall at 100 N Andrews Avenue during a recent meeting.
The proposed non-binding term sheet outlines the potential structure for a future Interim Agreement. The Interim Agreement would allow pre-development activities to proceed while negotiations toward a Comprehensive Agreement continue, including design development, due diligence, site remediation coordination, financial structuring, and defined termination and reimbursement provisions.
The City Commission provided feedback on the public-private partnership developer fee structure, financing comparisons and rate of return assumptions, allowable pre-development expenses, and potential revisions to developer fee provisions in the event of termination. City staff will integrate the City Commission feedback into the Interim Agreement negotiations and plans to present the final Interim Agreement to the City Commission in or before April 2026.
