6.c.
TCEDC Agenda
- Meeting Date:
- 08/20/2025
- Title:
- Consider approval of property purchase immediately adjacent to 6th Street Community Plaza in an amount not to exceed $100,000.
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Consider approval of property purchase immediately adjacent to 6th Street Community Plaza for an amount not to exceed $100,000.
BACKGROUND
The Texas City Economic Development Corporation has invested nearly $7 million in the 6th Street Community Plaza, located at 718 6th Street.
An adjacent property owner, Mr. Bruce Luerson, had previously discussed the sale of his property – GCAD 224867, approximately .19 acres – to the TCEDC, but his asking price was not feasible at the time. Recently, Mr. Luerson approached EDC staff with a proposed purchase price of $100,000 for the property.
Staff supports this purchase as it will open up additional green space for attendees to the 6th Street Community Plaza to enjoy. While the amenity already includes a food truck park, water play area, performance stage and dog park, this additional space will allow for open play.
After internal discussion, staff communicated a conditional offer to purchase the property for the cost above, contingent upon approval by the EDC. Mr. Luerson has indicated that he is fully prepared to accept the offer. Of note, the property is currently listed under the name of his daughter, Hadley Ann Luerson. Upon receipt of an updated Power of Attorney form from her, Mr. Luerson will have the documentation required to complete the sale.
Funds are available in the City of Texas City’s FY2024-25 annual budget from the Texas City Economic Development Corporation, Fund 801.
An adjacent property owner, Mr. Bruce Luerson, had previously discussed the sale of his property – GCAD 224867, approximately .19 acres – to the TCEDC, but his asking price was not feasible at the time. Recently, Mr. Luerson approached EDC staff with a proposed purchase price of $100,000 for the property.
Staff supports this purchase as it will open up additional green space for attendees to the 6th Street Community Plaza to enjoy. While the amenity already includes a food truck park, water play area, performance stage and dog park, this additional space will allow for open play.
After internal discussion, staff communicated a conditional offer to purchase the property for the cost above, contingent upon approval by the EDC. Mr. Luerson has indicated that he is fully prepared to accept the offer. Of note, the property is currently listed under the name of his daughter, Hadley Ann Luerson. Upon receipt of an updated Power of Attorney form from her, Mr. Luerson will have the documentation required to complete the sale.
Funds are available in the City of Texas City’s FY2024-25 annual budget from the Texas City Economic Development Corporation, Fund 801.
ANALYSIS
Approve property purchase of GCAD 224867 (.19 acres) immediately adjacent to 6th Street Community Plaza for an amount not to exceed $100,000.