6.h.
TCEDC Agenda
- Meeting Date:
- 11/16/2022
- Title:
- Approve Resolution 22-32 authorizing the sale of property located at 2415, 22nd Avenue N
- Submitted For:
- Jon Branson
- Submitted By:
- Jon Branson, Management Services
- Department:
- Management Services
ACTION REQUEST (Brief Summary)
Consider approval of Resolution # 22-32 approving the sale of the property located at 2415, 22nd Avenue N., in Texas City.
BACKGROUND
New Birth Syndicate LLC., has offered to purchase the property located at 2415, 22nd Avenue N., in Texas City for the purpose of marketing the property to their potential financial partners who will build a single-family home on the property. The proposed purchase price of $50,000 exceeds the standard value of $2.45 per square foot for Texas City Economic Development Corporation has established for the sale and/or purchase of property.
ANALYSIS
The properties adjacent to this property are all single-family residential. The proposed purchase of the property is in-line with plan to develop the property in to a single-family dwelling that will generate new Ad valorem tax revenue therefore, staff recommends approval of the proposed sale.