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FACILITIESPENDING

Friona City Council Regular Meeting Agenda May 11 2026

Friona Weighs $300K Property Purchase From Kendrick Oil

$300,000; $3,000 earnest money; $100 independent considerationCity of FrionaKENDRICK OIL COMay 11, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The City of Friona is considering approval of a $300,000 real estate purchase agreement with Kendrick Oil Co. to acquire property at 824 Main Street, including an inspection period for environmental and title due diligence. The contract provides for a $3,000 earnest money deposit, allocation of closing costs, and an as-is transfer that includes underground storage tanks subject to state regulation.

Contract Details

Contract Amount

$300,000; $3,000 earnest money; $100 independent consideration

Vendor

KENDRICK OIL CO

Agency

City of Friona, TX

Contract Type

FACILITIES

Document Date

May 11, 2026

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