| 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 |
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