Consider and take action on Resolution No. 21-06, approving the sale of real property to Rhino Recycling, LLC pursuant to the Real Estate Sales Contracted date February 18, 2021, and further authorizing the Chairman to execute all documents necessary to effectuate the sale.

1. The TCEDC owns the property at 1004 4^th Avenue South, Texas City, Texas 77590.  
2. In 2013, the TCEDC executed a commercial lease with Rhino Recycling LLC in 2013 for this property.  The lease was for a two year term, with an automatic renewal for two year terms.  The lease provided for a purchase option.
3. In 2014, Rhino Recycling LLC entered into a Sublease and Purchase Option with Sprint Waste Services LP.