Agenda Item # 11.e.
City Commission Regular Meeting
- Meeting Date:
- 01/21/2025
- Re
- Third Amendment to the Amended and Restated Agreement for Development of King's Landing
- Submitted For:
- Sara Hedges
SUBJECT:
Approval or denial of the request for the Third Amendment to the Amended and Restated Agreement for Development of King's Landing.
SUMMARY:
Pursuant to the Second Amendment to the Amended and Restated Agreement for Development of King's Landing, Audubon Development ("Audubon") had 180 days from the effective date of the Second Amendment to finalize its Joint Venture Partnership with Harbert Realty Services, LLC ("Harbert"). Audubon has requested an amendment to permit the replacement of Harbert with Live Oak Holdings Group ("Live Oak") as the Joint Venture Partner pursuant to their Joint Venture Salient Terms.
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
Shyanne Harnage, Community Redevelopment Agency Administrator
Shyanne Harnage, Community Redevelopment Agency Administrator
Fiscal Impact
OTHER INFORMATION:
N/A
Attachments
- Request for Third Amendment
- Second Amendment to Agreement
- First Amendment to Agreement
- Amended and Restated Agreement
- Document
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| City Manager | Linda Cox | 01/13/2025 03:05 PM |
- Form Started By:
- Sara Hedges
- Started On:
- 01/13/2025 01:31 PM
- Final Approval Date:
- 01/13/2025