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La Porte awards Beachwood Lakes sale to Park Street Community LLC for $1.87 million
Summary
The Board of Public Works accepted a bid and approved moving forward with the sale of Beachwood Lakes to Park Street Community LLC under a development agreement that leaves infrastructure obligations with the developer.
The City of La Porte Board of Public Works and Safety on Oct. 7 accepted a bid from Park Street Community LLC to purchase the Beachwood Lakes property for $1,870,000 and approved the sale to move toward closing.
The bid, described at the meeting as “option A,” was accepted in conjunction with a development agreement previously approved by this body and the city council. The city said the minimum bid, set as the average of two appraisals, was $1,865,000; the accepted offer was slightly above that…
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