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2.c.
TCEDC Agenda
Meeting Date:
03/07/2019
Title:
Submitted By:
James Hartshorn, City Secretary
Department:
City Secretary

ACTION REQUEST (Brief Summary)

Consider and take action on Resolution No. 19-11, approving sale of 611 6th Street property to Mike Bouvier. 

BACKGROUND

The Galveston Art League decided not to renew their lease on the property located at 611 6th Street North. Shortly after receiving notice, we were approached by Mike Bouvier, owner of Hey Mikey's Ice Cream next door, with an offer to purchase the property for $30,000. His intention is to convert the space into a bakery which will be named Bear Fruit Bakery.  He  anticipates  being open within six months of purchasing the property. His offer of $30,000 will more than cover the total investment made by the TCEDC to purchase and renovate the building. City staff believes this would be a very desirable use of the property that will generate more traffic on 6th Street and generate additional sales tax and property tax for the city. It is the recommendation of city staff to approve this sale of property. Mike Bouvier is the owner of Hey Mikey's Ice Cream and has bought the property behind Hey Mikey's and is converting that into a hamburger cafe.  

ANALYSIS

ALTERNATIVES CONSIDERED