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City attorney says Dixie Wells Building closing expected Monday; settlement statement not yet received
Summary
City Attorney updated the commission on the city’s pending Dixie Wells Building closing: settlement funds have been received by the seller’s counsel but closing documents and settlement statement showed outstanding items, and the contract requires closing by Monday the 12th.
Lake Wales — During the May 6 meeting the City Attorney told the City Commission the sale of the Dixie Wells Building was expected to close by Monday, May 12, 2025, per the settlement agreement but the city had not yet received the settlement statement needed to confirm closing costs and tax payments.
The attorney reported that the seller’s counsel (retained by Ray Brown) had received initial settlement funds but that documentary stamp taxes on the deed, the deed-recording fee and the past-due taxes for 2023 and 2024 must be reflected on the settlement statement and paid as part of the transaction. The attorney said he had been in touch with the seller’s attorney and was awaiting confirmation of those figures.
City officials emphasized the contract’s 30-day closing requirement and stated they were not aware of any requested extension; the attorney said the city would continue follow-up and expected the seller’s counsel to be responsive. The commission asked staff to report back if the closing did not occur by the end of the week, and the attorney reiterated his intention to ensure the transaction closes as required by the settlement agreement.
The meeting record names involved counsel (seller’s attorney Todd South and litigation attorney Kevin Ashley) and the purchaser Ray Brown; the commission did not vote on this item—this was an informational update and continued monitoring of a pending contractual closing.
