7a • RESOLUTION(S): READING AND PUBLIC HEARINGCity of Colleyville (Tarrant County)

Approval of a third amendment to the Agreement of Sale and Purchase with CDC Equities, LLC, for the purchase price of the City-owned 3.81 acres at 7015 Colleyville Boulevard, and authorizing the City Manager to execute the Agreement

Presented in: City of Colleyville City Council Meeting - 2nd on 2026-06-16

Official Roll-Call Vote

Restrains Gov't • 4.7/10 Impact Weight

PASSED (7 - 0)

“Motion to approve Approval of a third amendment to the Agreement of Sale and Purchase with CDC Equities, LLC, for the purchase price of the City-owned 3.81 acres at 7015 Colleyville Boulevard, and authorizing the City ”

Bobby Lindamood

Mayor (At-Large)

YES

Brandi Elder

Councilmember, Place 1 (Place 1)

YES

Mark Alphonso

Councilmember, Place 2 (Place 2)

YES

Scotty Richardson

Councilmember, Place 3 (Place 3)

YES

Ben Graves

Councilmember, Place 4 (Place 4)

YES

Kimberly Holt Gunderson

Councilmember, Place 5 (Place 5)

YES

Tim Raine

Councilmember, Place 6 (Place 6)

YES

Staff Report & Agenda Item Details

Reading and Public Hearing Approval of this item provides for the City to enter into a third amendment to the Purchase Sale Agreement with CDC Equities, LLC, for the sale of the 3.81 acres of City-owned property at the southeast corner of John McCain Road and Colleyville Boulevard. Closing on the property is subject to the purchaser obtaining City approved PUD zoning for the intended property improvements.

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 4.7/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.