6.b.
TCEDC Agenda
- Meeting Date:
- 02/14/2024
- Title:
- Consider property purchase within the Industrial Business District (GCAD ID 224071 and ID 224072).
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Consider purchase of properties located within the Industrial Business District (GCAD ID 224071 and ID 224072).
BACKGROUND
The Texas City Economic Development Corporation (TCEDC) has historically purchased property located in the Industrial Business District – which cannot be used for residential or general retail purposes. The area is designated to support light industrial use. TCEDC staff were approached by Noelia Tuck, who owns two pieces of property in the IBD, one located at 204 2nd Avenue North, and the other located immediately adjacent to the east. The properties are listed as GCAD ID 224071 and ID 224072, respectively.
The combined size of the properties is .14 acres, or 6,098.4 square feet. There is one small storage room located on the west side of the property. With Board approval, the EDC would make a conditional offer of $14,941.08 to purchase both properties. The Tucks would be responsible for closing costs, and the delinquent taxes in the amount of $61.78 would be deducted from the purchase price. Funding is available within the existing budget to purchase the property.
The combined size of the properties is .14 acres, or 6,098.4 square feet. There is one small storage room located on the west side of the property. With Board approval, the EDC would make a conditional offer of $14,941.08 to purchase both properties. The Tucks would be responsible for closing costs, and the delinquent taxes in the amount of $61.78 would be deducted from the purchase price. Funding is available within the existing budget to purchase the property.
ANALYSIS
Approve the purchase of property located within the Industrial Business District as further described in GCAD as ID 224071 and ID 224072.