Title
1.) Executive Session Item: Deliberation regarding real property pursuant to Chapter 551.072 of the Texas Government Code regarding the purchase, exchange, lease, and/or value of real property related to real estate proposal for expansion of 130 Commerce Park. 2.) Open Session Item: Discuss and consider intent to purchase approximately 17.7034 acres from the Texas Department of Transportation (TxDOT) on the west side of SH130 just south of Pecan Street through the submission of an election statement, and authorizing the City Manager to execute the same.
Summary
The Texas Department of Transportation (TXDOT) has identified approximately 17.7034 acres of state land for potential sale immediately south of the 130 Commerce Park along SH130. In accordance with Texas Transportation Code 202.021, governmental entities with authority to condemn real property have a priority right to purchase real property from TXDOT that is placed for sale. TXDOT has notified the City that this property is available and that, upon approval from City Council, the City Manager may send an election statement to TXDOT indicating the intent to purchase the property.
Deadline for City Council Action
The City must notify TXDOT of its interest in purchasing the property by September 29, 2022.
Supporting documents attached
Property location
Recommended Action
Discuss and consider.