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Council authorizes BEDC to acquire 65-acre tract near I-35; staff outline infrastructure needs and costs
Summary
The council approved BEDC's request to acquire about 65 acres west of I-35 (partially in Salado ISD), with BEDC reporting site constraints, floodplain acreage, and utility-extension cost estimates; council approved the acquisition unanimously.
The Belton Economic Development Corporation on March 11 asked the city council to authorize purchase of roughly 65 acres west of I-35 (adjacent to Salado Business Park). The council approved BEDC's authorization to execute amended real estate contracts for the acquisition.
Cynthia, BEDC executive director, said the 65-acre purchase is structured as two contracts because a residence occupies about five acres (priced at $1,500,000) and the remaining approximately 60…
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