Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ocoee commission declares developer in default on 17.96-acre purchase agreement, gives 10 days to cure
Summary
The Ocoee City Commission voted unanimously March 4 to declare GPK OET in default on its contract for roughly 17.96 acres of city-owned land and gave the buyer 10 days to cure deficiencies, after staff and the city attorney reported missing payments and documentation.
The Ocoee City Commission on March 4 voted unanimously to declare the buyer on a 17.96-acre purchase-and-sale agreement in default and to give the buyer 10 days to cure the defaults.
City legal staff said the city has $75,000 in escrow from the buyer but is missing several required contract payments and documents, including a $5,000 contract fee and two $15,000 extension fees that were required to extend governmental approvals past a June 17, 2022 deadline. The attorney said the contract includes a "time is of the essence"…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
