City of Borger City Council Meeting Agenda 2026-06-02
Option to Purchase Industrial Park Property Approved for Twelve Benefit Corporation
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Description
The City approved an exclusive Option to Purchase Agreement with Twelve Benefit Corporation for Industrial Park lots in the amount of $2.5 million if exercised, with a renewable six-month term.
Contract Details
Contract Amount
$2,500,000 (if exercised)
Vendor
TWELVE BENEFIT CORPORATION
Agency
City of Borger, TX
Contract Type
OTHER
Document Date
June 2, 2026
Contract Term
6-month initial term plus two 6-month extensions
Renewal Info
Initial term is six months with up to two six-month renewal options under the agreement.
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