Agenda Item # 13.g.
City Commission Regular Meeting
- Meeting Date:
- 04/07/2025
- Re
- King's Landing Third Amendment
- Submitted For:
- Sara Hedges
SUBJECT:
Resolution 25-R31 approving or denying the Third Amendment to the Amended and Restated Agreement for Development of King's Landing and First Quarter Update
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") pursuant to a Purchase and Sale Agreement.
RECOMMENDATION:
Staff will proceed as directed.
ALTERNATIVES:
Staff will proceed as directed.
RESPONSIBLE STAFF:
Sara Hedges, City Attorney
COORDINATED WITH:
DeVoshay Johnson, Interim City Manager
Shyanne Harnage, Community Redevelopment Agency Administrator
Shyanne Harnage, Community Redevelopment Agency Administrator
Fiscal Impact
OTHER INFORMATION:
No fiscal impact at this time.
Attachments
- 25-R31
- Third Amendment and Exhibits
- Purchase and Sale Agreement with Live Oak
- First Amendment to Purchase and Sale Agreement with Live Oak
- Amended and Restated Agreement
- First Amendment
- Second Amendment
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| City Manager | Devoshay Johnson | 03/25/2025 06:06 PM |
- Form Started By:
- Michelle McClendon
- Started On:
- 03/19/2025 10:12 AM
- Final Approval Date:
- 03/25/2025