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Lake Wales commission approves settlement to regain downtown hotel building
Summary
The City of Lake Wales commission voted unanimously to approve a settlement agreement that will return a downtown hotel building to city control; commissioners and staff praised negotiators and said the city will seek proposals for redevelopment.
The City of Lake Wales City Commission voted unanimously to approve a settlement agreement to regain control of a downtown hotel building, the commission said during its meeting.
The approval, which the body took by roll call, followed staff recommendation and a period of closed-session negotiation described by commissioners as successful. Commissioners said the signed agreement returns the building to city control and keeps demolition off the table while the city evaluates reuse options.
The agreement was presented by staff and city legal counsel; the…
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