Agenda Item # 13.d.
City Commission Regular Meeting
- Meeting Date:
- 01/06/2025
- Re
- Sale of Plat of Villas at King's Landing
- Submitted For:
- Sara Hedges
SUBJECT:
Resolution 25-R05 either granting approval or denying approval of the Sale of the Plat of Villas at King's Landing from Audubon Development, Inc to Kings Landing Ft Pierce, LLC.
SUMMARY:
Pursuant to the Amended and Restated Agreement for Development of King's Landing and the Amendments thereto ("Agreement"), the City has received Notice from Audubon Development, Inc. ("Audubon") of their intention to sell the land identified by the Plat of Villas at King's Landing to Kings Landing Ft Pierce, LLC pursuant to a Real Estate Pruchase and Sale Contract ("Sale Contract"). Per the Agreement, the City is required to provide written approval or denial of the Sale Contract to Audubon, and the City shall not unreasonably withhold approval.
RECOMMENDATION:
Staff will proceed as directed.
ALTERNATIVES:
Staff will proceed as directed.
RESPONSIBLE STAFF:
Sara Hedges, City Attorney
COORDINATED WITH:
Linda Cox, Acting City Manager
Fiscal Impact
OTHER INFORMATION:
N/A
Attachments
- Resolution No. 25-R05
- Exhibit A - Villas Sale Agreement
- Amended and Restated Agreement
- First Amendment
- Second Amendment
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| City Manager | Linda Cox | 12/30/2024 05:16 PM |
| City Manager | Linda Cox | 12/31/2024 08:55 AM |
- Form Started By:
- Sara Hedges
- Started On:
- 12/12/2024 06:34 PM
- Final Approval Date:
- 12/31/2024