2.c.
TCEDC Agenda
- Meeting Date:
- 08/16/2017
- Title:
- Submitted By:
- James Hartshorn, City Secretary
- Department:
- City Secretary
ACTION REQUEST (Brief Summary)
Consider and take action on Resolution No. 17-17, approving purchase of property located at 615 7th Avenue North.
BACKGROUND
The TCEDC has the opportunity to purchase the building located at 615 7th Avenue North, legally described as ABST 205 PAGE 6 LOT 9 BLK 154 TEXAS CITY. It is proposed that the TCEDC pays $10,600 (CAD value) and forgives the owner, Les Gilliam, of his debt under an Incentive Package Agreement dated July 6, 2015. Total debt to be forgiven under said agreement is $8,650. The owner of Hey Mikey's Ice Cream intends to purchase the building from the TCEDC. He would like to completely renovate the building and use for storage space, thereby beautifying and utilizing a building that is currently unused and unkempt.