Commission debate splits over default, reversion rights and Audubon ownership
A motion to declare developers in default and pursue reversion failed for lack of a second; commissioners then approved a conditional 180‑day extension while directing the city attorney to memorialize technical defaults and legal protections in a fourth amendment.
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Commissioner Zadofsky moved to declare Audubon Development Inc. and Live Oak Holdings in material breach for failing to meet the July 15, 2026 deadline in the third amendment and to direct the city attorney to issue notices to terminate the development agreement and pursue reversion. The motion received no second and was not voted on.
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