Friona Weighs $300K Property Purchase From Kendrick Oil
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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
More from City of Friona
Friona City Council Meeting Agenda May 2026
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Friona City Council Regular Meeting Agenda May 11 2026
Friona City Council Regular Meeting Agenda May 11 2026
Friona City Council Regular Meeting Agenda May 11 2026
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