Seventh Adventist Church Property Sale and Lease
Official Roll-Call Vote
Staff Report & Agenda Item Details
Mr. Hubacek stated that this property is adjacent to City Lake Park and has future value for economic development and park development. City Manager Cliff Keheley stated that the funding for this project is available in the Capital Projects Reserve Fund. Mr. Hubacek moved to approve the purchase of a tract of land containing approximately 2.737 acres and being commonly referred to as (1) 430, 420, 410, and 400 South Ebrite Street, and (2) 226, 224 and 220 West Gross Street, (the “Property”) from Texas Conference Association of Seventh-Day Adventists (the “Seller”) for the purchase price of $3,000,000.00, plus closing costs, and authorize the City Manager to finalize and execute a Real Estate Sales Contract and a Commercial Leasing Agreement between the Seller and the City for the purchase and leaseback of the Property, and to execute all other documents and take all other actions necessary or requested to finalize the closing and purchase of the Property. Motion was seconded by Mr. Smith and approved unanimously.
Bastiat Liberty & Property Rights Analysis
This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.2/10). 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.