City of Argyle Awards Facilities Contract to Point Bank (November 2025)

The Argyle Town Council will consider Resolution 2025-65 approving a lease agreement with Point Bank for 1.3 acres along US 377 to develop park facilities. The agreement establishes a 20-year term beginning December 1, 2025, with $1 annual rent and options for additional 5-year renewals, and sets forth park development, maintenance, and right-of-first-refusal provisions.

Document date · November 17, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$1.00 per year

Contract type

FACILITIES

Contract term

20-year initial term commencing December 1, 2025, with one or more additional 5-year renewal terms

Renewal date

2045-12-01

Renewal

Lease includes options for one or more additional 5-year renewal terms upon written notice at least 90 days before expiration; either party may terminate with 90 days' notice; right of first refusal applies if the lessor receives a purchase offer.

Document type

Agenda

Source document

town_council_regular_meeting_agenda_november_17_20.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Argyle?

Point Bank was awarded this facilities contract by City of Argyle, as recorded on November 17, 2025. The contract value is $1.00 per year.

How much is the Point Bank contract with City of Argyle worth?

The Point Bank contract with City of Argyle is valued at $1.00 per year, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town_council_regular_meeting_agenda_november_17_20.pdf (Agenda), dated November 17, 2025 from City of Argyle. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Point Bank hold?

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

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