Texas City Economic Development Corporation Agenda Packet 2026-06-03
Letter of Intent Approved for Land Sale to Elevated Development
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Description
The Board authorized a Letter of Intent with Elevated Development for the potential purchase of 48 acres of TCEDC-owned property at a proposed price of $2,112,000. Next steps include drafting a formal purchase contract.
Contract Details
Contract Amount
$2,112,000 (proposed purchase price)
Vendor
ELEVATED DEVELOPMENT
Agency
City of Texas, TX
Contract Type
OTHER
Document Date
June 3, 2026
Renewal Info
Purchase contract terms to be determined in future agreement. No renewal at this stage; subject to contract negotiation.
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