6.e.
TCEDC Agenda
- Meeting Date:
- 12/17/2025
- Title:
- Consider approval of purchase of a .215-acre parcel located within the Industrial Business District.
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Consider approval of purchase of a .215-acre parcel located within the Industrial Business District.
BACKGROUND
The Texas City Economic Development Corporation has historically purchased property located in the Industrial Business District – which cannot be used for residential or general retail purposes - to support Light Industrial use and to provide a buffer between industrial development and residential development.
TCEDC staff were approached by realtor Carol Venegas, representing property owner Joe Anzaldua, who owns one piece of property within the IBD. There are no structures on the property. The address, GCAD ID and the size are as follows:
114 1st Avenue North, Property ID # 224018, approximately .215 acres. Given the $2.55/square foot purchase price the EDC would typically consider in a purchase of IBD property, the total cost to acquire both pieces would be $23,881.77. Staff has communicated a conditional offer to purchase the properties for the cost above, contingent upon approval by the EDC.
Venegas has indicated they are fully prepared to accept the offer. Funds are available in the FY26 EDC Budget (Fund 801).
TCEDC staff were approached by realtor Carol Venegas, representing property owner Joe Anzaldua, who owns one piece of property within the IBD. There are no structures on the property. The address, GCAD ID and the size are as follows:
114 1st Avenue North, Property ID # 224018, approximately .215 acres. Given the $2.55/square foot purchase price the EDC would typically consider in a purchase of IBD property, the total cost to acquire both pieces would be $23,881.77. Staff has communicated a conditional offer to purchase the properties for the cost above, contingent upon approval by the EDC.
Venegas has indicated they are fully prepared to accept the offer. Funds are available in the FY26 EDC Budget (Fund 801).
ANALYSIS
Approve purchase of a .215-acre parcel located within the Industrial Business District, for a total purchase price of $23,881.77.