Redevelopment commission approves amended purchase and development agreements for Newport Landing project

The La Porte Redevelopment Commission approved amended real estate purchase and development agreements for the Full Tilt project at Newport Landing on June 9, updating the buyer/developer name and delaying the construction start date.

Mr. Agano, staff member, told commissioners the lender for the developer requested updated agreements to reflect a revised timeline and an assignment of the contracts. “The only changes that you'll see in the version that you have in front of you would be to update the construction start start date to the end of the year... So we pushed that back to December 31. And then the only other change is to update the name of the developer,” he said, adding the contracts were assigned from one entity to another but “it's the same group.”

Commissioners moved and approved the amended purchase agreement for HRKDE LLC by voice vote, 3-0. The meeting record does not include details on whether any additional substantive contract terms (price, contingencies, phasing, or guarantees) were changed beyond the buyer name and construction-start date. No amendments to the motion were recorded.

The record indicates the commission's action was procedural approval of updated contract documents requested by the developer's lender; commissioners did not discuss alternative timelines or require additional conditions in the public portion of the meeting. For further details — including the full text of the amended agreements and the identity of the previously named contracting entity — the commission's office or the city attorney's office can be contacted.