City of Killeen and Killeen Independent School District Purchase and Sale Agreement March 2026
City of Killeen Acquires School District Land for $803,000
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Description
The City of Killeen has entered into a Purchase and Sale Agreement with the Killeen Independent School District to acquire approximately 5.927 acres of school district property at 108 W. Jasper Dr., Killeen, TX for $803,000. The transaction includes delivery of a special warranty deed, title insurance, and the termination of any existing leases or service contracts by the seller prior to closing. Closing is expected to occur in 2026, following completion of a survey and due diligence.
Contract Details
Contract Amount
$803,000.00
Vendor
KILLEEN INDEPENDENT SCHOOL DISTRICT
Agency
Killeen Isd, TX
Contract Type
FACILITIES
Document Date
March 6, 2026
Contract Term
Closing to occur on or before 30 days after the end of the Inspection Period (60 days from Effective Date), so approx. 90 days from Effective Date, anticipated execution and closing in 2026
Renewal Date
2026-07-04
Renewal Info
No renewals. This is a single disposition real estate transaction with due diligence/inspection provisions and right of termination prior to closing. All terms survive closing as deed covenants.
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