6.i.
TCEDC Agenda
- Meeting Date:
- 11/19/2025
- Title:
- purchase of two adjacent properties 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 two adjacent properties 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 Clara Holcomb, representing property owner Charles Holcomb, who owns two pieces of property within the IBD. There is one structure on the property. The addresses, GCAD IDs and sizes are as follows:
310 13th Street South – 182201 - .143 acres
Adjacent lot – 182199 - .143 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 $31,768.31.
Staff has communicated a conditional offer to purchase the properties for the cost above, contingent upon approval by the EDC. Clara Holcomb 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 Clara Holcomb, representing property owner Charles Holcomb, who owns two pieces of property within the IBD. There is one structure on the property. The addresses, GCAD IDs and sizes are as follows:
310 13th Street South – 182201 - .143 acres
Adjacent lot – 182199 - .143 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 $31,768.31.
Staff has communicated a conditional offer to purchase the properties for the cost above, contingent upon approval by the EDC. Clara Holcomb has indicated they are fully prepared to accept the offer. Funds are available in the FY26 EDC Budget (Fund 801).
ANALYSIS
Approve purchase of two properties located within the Industrial Business District owned by Charles Holcomb, for a total purchase price of $31,768.31.