Title
Discuss and consider action approving a Pflugerville Community Development Corporation (PCDC) sales contract for $24,500,000 regarding Project Greenfield for the purchase of real property, being a 52.686 acre tract of land located in the E. Kirkland Survey No. 7, Abstract No. 458, Travis County, Texas, locally addressed as 3615 E. Pflugerville Parkway, pending due diligence during feasibility period.
Summary
The PCDC Board approved a motion to enter into a sales contract for the purchase of land for the purpose of supporting business development and expansion in Pflugerville. A general public hearing was held in September of 2024.
Prior City Council Action: City Council reviewed and approved the purchase at the October 8, 2024 council meeting.
Budgeted Item: N/A____Yes __ No_x_
Legal Review Required: N/A __ Required _x_ Date Completed: 10/04/2024
Staff Recommendation
Discuss and Consider Action
Supporting Documents
52 Acre Purchase Agreement
52 Acre Leaseback Agreement
Drafter
Terri Toledo, Interim Executive Director