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City staff says buyer in place for Lower Street Trio; purchase expected within 45 days

2216566 · January 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City staff and Live Oak Contracting representatives told the council that Live Oak Estates will buy the Lower Street Trio property from Southeast Development under a purchase-and-sale agreement and that outstanding lien litigation will be revisited.

City staff told council members that, as of the night before the meeting, a fully executed purchase-and-sale agreement was in place for the property known as the Lower Street Trio. Paul Bertozzi, president of Live Oak Contracting, said Live Oak Estates will acquire the property from Southeast Development and the transaction is expected to…

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