6.h.
TCEDC Agenda
- Meeting Date:
- 10/15/2025
- Title:
- Approve sale of TCEDC-owned property located at 920 2nd Avenue South to Tennille Inc.
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Approve sale of TCEDC-owned property located at 920 2nd Avenue South to Tennille Inc.
BACKGROUND
Tennille, Inc. approached staff regarding the purchase of three (3) properties in 2024, including 920 2nd Avenue South. The company looked to expand its footprint and parking availability. In October 2024, with support from the Texas City Property in Trust Committee, the City Commission approved an offer by the Texas City Economic Development Corporation to purchase the property for $17,187.50. At that time, the Mayor executed a Trustee's Deed conveying title to said property as further described in the attached Trustee's Deed.
Staff requests permission from the TCEDC Board to move forward with a sale of the property to Tennille, Inc. to purchase the property for the same purchase price, $17,187.50.
Staff requests permission from the TCEDC Board to move forward with a sale of the property to Tennille, Inc. to purchase the property for the same purchase price, $17,187.50.
ANALYSIS
Approve sale of TCEDC-owned property located at 920 2nd Avenue South to Tennille, Inc. in the amount of $17,187.50.