Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Real Estate Sale Econdev topic

No spam. Unsubscribe anytime.

Council authorizes city manager to negotiate sale of Track 6 (John H. Barlow survey) to Woodbrier Management; vote 7-0

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Following executive session, council authorized the city manager to negotiate and execute a commercial contract and related documents for Track 6 (John H. Barlow survey) with Woodbrier Management LTD for approximately $218,552.05 (or $17.50 per square foot), subject to survey and closing costs; vote was unanimous.

After closing its public meeting for executive session, the North Richland Hills City Council on March 3 authorized the city manager to negotiate and execute a commercial contract and related closing documents with Woodbrier Management LTD for property identified as Track 6, DO1, Abstract 130, John H. Barlow survey.

Councilmember Russ Mitchell moved the authorization in open session following the executive-session deliberations; Councilmember Susie Compton seconded. The motion instructs the city manager to negotiate and execute the contract and execute related documents and closing requirements for the improved property at the noted tract for the amount stated in the motion: $218,552.05 (reported in the motion as an aggregate amount) or $17.50 per square foot, subject to the survey, plus all closing costs, commissions, fees and taxes. The council voted 7-0 to authorize the action.

Staff had cited the executive-session authority under Texas Government Code Section 551.072 (deliberation on purchase, exchange, lease or value of real property) and Section 551.087 (economic development negotiations) prior to going into closed session. The authorization in open session allows the city manager to proceed with the negotiated transaction and closing steps under the terms shown.

No additional public details were disclosed in open session about the buyer’s development plan or closing timeline; staff will proceed with negotiation and closing steps as authorized by council.