2.c.
TCEDC Agenda
- Meeting Date:
- 09/20/2017
- Title:
- Consider and Take Action on Resolution 17-25 to purchase Property In Trust properties in the 400 block of Martin Luther King
- Submitted For:
- Nick Finan
- Submitted By:
- Nick Finan, Management Services
- Department:
- Management Services
ACTION REQUEST (Brief Summary)
Consider and Take Action on Resolution 17-25 authorizing the TCEDC Chair to purchase Property In Trust properties in the 400 block of Martin Luther King.
BACKGROUND
The TCEDC has the opportunity to purchase two parcels of land from the Property In Trust group for Texas City tax foreclosed properties. Both properties are within the IBD and located on Martin Luther King and are within the 400 Block.
Here is the info on those two parcels:
With this purchase the TCEDC is in a position to exchange property with Eastman Chemical in order to facilitate the sale of the property of Eastman's property to Ami Barzilay, who needs additional land to meet the IBD requirements for landscaping and open space so that he may redevelop a vacant building on Texas Ave into a storage warehouse for industrial use. The TCEDC will be made whole in the exchange.
Here is the info on those two parcels:
|
|
7030-0061-0004-000 R224317 Cause #14TX0758 Lot 4, Blk 61, Texas City Vacant lot at 426 Martin Luther King |
$ 872 |
| cp |
7030-0061-0009-000 R224321 Cause #14TX0579 Lots 9 thru 11, Blk 61, Texas City Vacant lot 400 blk of E. Martin Luther King Ave. |
$ 2,099 |
With this purchase the TCEDC is in a position to exchange property with Eastman Chemical in order to facilitate the sale of the property of Eastman's property to Ami Barzilay, who needs additional land to meet the IBD requirements for landscaping and open space so that he may redevelop a vacant building on Texas Ave into a storage warehouse for industrial use. The TCEDC will be made whole in the exchange.