6.a.
TCEDC Agenda
- Meeting Date:
- 09/21/2022
- Title:
- Ratification of the sale of Fifteen (15) TCEDC Parcels of Property to Blanchard Refining Company, LLC
- Submitted For:
- Jon Branson
- Submitted By:
- Jon Branson, Management Services
- Department:
- Management Services
ACTION REQUEST (Brief Summary)
Ratify the sale of fifteen (15) Texas City Economic Development Corporation (TCEDC) properties to Blanchard Refining Company, LLC.
BACKGROUND
Historically, the TCEDC has acquired property in the Industrial Business District (IBD) and has turned around and sold many of those properties to the local refineries in order to create a buffer area between industry and residential property and to guarantee that nothing will be built on these properties in the future. The total sale price for all 15 properties is $212,385.60. The sales price is based on the TCEDC's standard purchase and sale price of $2.45 per Square Foot.
ANALYSIS
Staff recommends approval of the Ratification of the sale of 15 parcels of TCEDC owned properties that are located in the IBD to Blanchard Refining, LLC.