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6.a.
TCEDC Agenda
Meeting Date:
09/18/2024
Transfer of TCEDC Owned Property located at 601 4th Avenue North to to Mae Ella Budwine
Submitted For:
Jon Branson
Submitted By:
Jon Branson, Management Services
Department:
Management Services
ACTION REQUEST (Brief Summary)
Authorize the transfer/exchange of property the Texas City Economic Development Corporation (TCEDC) currently owns, which is located at 601, 4th Street North, further described as Property ID # 758483 to Mae Ella Budwine. Ms.Budwine owns property located at 5, 2nd Avenue N., which is located within the Industrial Business District (IBD).
BACKGROUND
It has been the practice of the TCEDC to offer homeowners who reside within the IBD the opportunity to relocate outside the IBD by selling and/or transferring their property to the TCEDC for property the TCEDC owns outside the IBD to own and maintain their home in a more desirable location. Ms. Budwine, has been approved for a new home to be funded by the department of Housing and Urban Development upon relocation to an area outside the IBD.
ANALYSIS
Staff recommends the transfer/exchange of TCEDC owned property that is located outside the IBD to Ms. Mae Ella Budwine that will enhance residential infill development within the core of Texas City.
ALTERNATIVES CONSIDERED
Attachments
Exhibit A
Resolution
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