OTHERAPPROVED

Option to Purchase Agreement for Industrial Park Lots

The City Council approved an Option to Purchase Agreement granting Twelve Benefit Corporation the exclusive right to buy specified lots from the Economic Development Corporation for up to $2,500,000. The agreement allows a six-month option term and possible extensions.

Status
APPROVED
Document date
May 19, 2026
Contract type
OTHER
Vendor
Twelve Benefit Corporation
Agency
City of Borger · TX

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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

Scope & details

The full contract record, as filed.

Contract amount
$2,500,000.00 (if option exercised)
Contract type
OTHER
Contract term
Six-month initial term with two six-month extension options
Renewal date
2027-05-19
Renewal
Buyer has two six-month extension options beyond initial six-month option term.
Document type
Minutes
Source document
City of Borger City Council Meeting Minutes 2026-05-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Borger?

Twelve Benefit Corporation was awarded this government contract by City of Borger, as recorded on May 19, 2026. The contract value is $2,500,000.00 (if option exercised).

How much is the Twelve Benefit Corporation contract with City of Borger worth?

The Twelve Benefit Corporation contract with City of Borger is valued at $2,500,000.00 (if option exercised).

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Borger City Council Meeting Minutes 2026-05-19 (Minutes), dated May 19, 2026 from City of Borger. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Twelve Benefit Corporation hold?

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

View Twelve Benefit Corporation's profile

What is City of Borger currently buying?

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

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