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			6.c.
TCEDC Agenda
Meeting Date: 12/06/2023   Authorize approval to pay closing fees and taxes on TCEDC Properties to participate in the General Land Office Home Rebuilding Project. Submitted For: Jon Branson Submitted By: Jon Branson, Management Services Department: Management Services
ACTION REQUEST (Brief Summary)
Staff is in the process of finalizing all property transactions related to the General Land Office Home Rebuilding Project in Texas City.  To finalize the property transfers, staff is utilizing Southland Title Company to coordinate and close on all three properties as further described below: Sale of property located at 2609 Texas Avenue from Donald Poole to TCEDC.  Approved by TCEDC Board on May 4, 2022. Sale of property described as ID 226285 from the TCEDC to Mrs. Graciela Cabrera.  Approved by TCEDC Board on May 3, 2023. Sale of property located at 2129 7th Avenue North from Graciela Cabrera to Brenda and Donald Poole.  Discussed with TCEDC Board on May 3, 2023.
BACKGROUND
On September 21, 2022, the TCEDC Board Authorized approval of a land swap between the TCEDC and Mrs. Graciela Cabrera.  Unknown to EDC Staff, Mrs. Cabrera was unable to provide the General Land Office with satisfactory documentation of ownership of her existing property and was subsequently dropped from the Home Rebuilding Project program.  Since staff was unaware of Mrs. Cabrera being dropped from the program, staff proceeded with the TCEDC approved land swap.   Subsequently, the General Land Office built a home on the property that was intended for Mrs.Cabrera for another participant in the program (Donald Poole).  As a result of this mishap, staff worked with Mrs. Cabrera to find a suitable parcel of property for both her and the General Land Office to build her a home upon.  In May of this year, Mrs. Cabrera was reauthorized to participate in the program.   By authorizing staff to utilize Southland Tile to close on all the aforementioned properties, rightful ownership of the land and the home will be resolved and Mrs. Cabrera will be able to have a new home built on the property by the General Land Office further described by GCAD ID 226285. The estimated closing costs, including taxes on the aforementioned properties, is estimated at $9,500.
ANALYSIS
Staff recommends approval of the authorization to pay closing fees and taxes on TCEDC Properties further described above to participate in the General Land Office Home Rebuilding Project.
ALTERNATIVES CONSIDERED
Attachments Resolution

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