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			6.d.
TCEDC Agenda
Meeting Date: 10/16/2024   Approving the Purchase of Property in Trust (PIT) Property Submitted For: Jon Branson Submitted By: Jon Branson, Management Services Department: Management Services
ACTION REQUEST (Brief Summary)
Consideration and possible action approving the purchase of tax-foreclosed property described as Lots Six (6) and Seven (7), Texas City Second Division, known commonly as vacant lots located at 920 2nd Ave South, for the sum of $17,187.50 and authorizing the property authorities to execute all necessary documents to facilitate the sale of said property.
BACKGROUND
The Texas City Property In Trust Committee met on Tuesday, September 24, 2024, and unanimously approved the sale of the property to the Texas City Economic Development Corporation for $17,187.50.  The TCEDC will subsequently sell this property to facilitate economic development in the area and offset the Economic Development Corporation's expense to purchase it.
ANALYSIS
Staff recommends approval of the purchase of tax-foreclosed property described as Lots Six (6) and Seven (&), Texas City Second Division, known commonly as vacant lots located at 920 2nd Avenue South, in the amount of $17,187.50.
ALTERNATIVES CONSIDERED
Attachments Trustee's Deed Resolution

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