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After executive session Red Oak council approves two property purchases totaling up to $4.537 million
Summary
Following a closed executive session, the council approved resolutions authorizing city economic-development corporations to spend up to $1,537,500 (plus closing costs) to buy about 24.548 acres and up to $3,000,000 (plus closing costs) to buy roughly 40 acres for development and economic purposes.
After reconvening from executive session, the Red Oak City Council unanimously approved two resolutions authorizing expenditures by the city's development corporations to purchase land.
Resolution No. 25-030R authorized the City of Red Oak Industrial Development Corporation (IDO/IDC) to expend up to $1,537,500 plus closing costs to acquire approximately 24.548 acres from Mary L. Morris…
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