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Bealls Property Payment and Extension Approved

City of Burnet logoCity of Burnet
Disclosed value
$1,115,000.00
From meeting notice
Document date
Feb 21, 2025

The 30-second brief

What it covers

The Burnet Economic Development Corporation (BEDC) is seeking approval for the payment of half of the outstanding balance of a promissory note, amounting to $557,500.00, for the purchase of the Bealls property. The resolution also requests a third and final extension of the payment date to September 30, 2025.

Who holds it

City of Burnet holds this promissory note contract with City of Burnet. Its other public contracts on record include work for Burnet County and Burnet Consolidated ISD.

See who signed off on this $1.1M contract.

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Contract details

Contract type
Promissory Note
Amount
$1,115,000.00
Document date
February 21, 2025
Term
NA
Vendor
City of Burnet
Agency
City of Burnet
Source document
city-of-burnet-meeting-notice-2025-02-21_21d.pdf (Meeting Notice)

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Questions about this contract

Who was awarded the promissory note contract by City of Burnet?

City of Burnet was awarded this promissory note contract by City of Burnet, as recorded on February 21, 2025. The contract value is $1,115,000.00.

How much is the City of Burnet contract with City of Burnet worth?

The City of Burnet contract with City of Burnet is valued at $1,115,000.00, covering promissory note work.

What type of contract is this?

This is a Promissory Note contract, documented as a meeting notice record.

Where was this contract approved?

This contract appears in city-of-burnet-meeting-notice-2025-02-21_21d.pdf (Meeting Notice), dated February 21, 2025 from City of Burnet. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does City of Burnet hold?

City of Burnet may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Burnet currently buying?

Explore City of Burnet's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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