Resolution 2024-16 ratifying the granting of an easement to Texas-New Mexico Power Company
Submitted For:
Jon Branson, Management Services
Submitted By:
Jon Branson, Management Services
Department:
Management Services
ACTION REQUEST (Brief Summary)
Approval of Resolution 2024-16 authorizing the granting, selling and conveying of an easement to Texas-New Mexico Power Company.
BACKGROUND
In September 2023, the Texas City Economic Development Corporation (TCEDC) sold approximately 6.67 acres of property to Castlerock Communities for the development of a residential community commonly known as Steed Landing. In order to serve the new development with electrical utilities, Texas New-Mexico Power Company (TNMP) needed approximately 1,845 Sq. Ft., of property for a utility easement to service the new development. This easement would allow TNMP to provide electrical service to the new development and provide redundancy to the surrounding area. The attached Exhibit "A" details the area required for the proposed easement.
In order to assist TNMP with their service requirements for the area, the attached easement was executed on July 31, 2024. Since the TCEDC did not have a meeting until today's date and the easement was necessary to proceed, the required documents were executed on July 31, 2024, and the TCEDC's action on this date will ratify the transaction.
ANALYSIS
Staff recommends approval of the ratification of the granting, selling and conveying of an easement to Texas-New Mexico Power Company.