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Commissioners approve $2.5 million purchase of Pleasanton building for Central Appraisal District

2807656 · January 13, 2025
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

The court approved a resolution authorizing purchase of the Central Appraisal District's building at 1020 Benstell in Pleasanton for $2,500,000 with financing to be provided through Government Capital; county expects long-term savings versus continued lease.

Atascosa County Commissioners Court approved a resolution authorizing purchase of real property for the Atascosa County Central Appraisal District at Twin 1020 Benstell in Pleasanton, at a purchase price of $2,500,000, during the Jan. 21, 2025 meeting.

Brandy Royalls, identified on the agenda as central appraisal director, introduced the item and staff (identified in the record as Randy Royal/Boyd) described financing terms: a 20-year fixed-rate financing at “6% or under” through Government Capital, structured with no down payment and including a retrofit in the purchase price. Royalls said the facility offers flexible open space for hearings, board meetings and future office growth.

Staff presented a budget comparison showing the county's current lease payment would rise to an estimated $248,000 in 2026 (from $236,000 in 2025) because of scheduled annual rent increases and an annual $14,000 off-market fee. Purchase was estimated to produce annual payments near $220,005 and to generate savings in 2025 of about $15,493 and in 2026 of about $27,000, with larger savings after the loan is paid off.

Commissioners characterized the purchase as fiscally prudent. Commissioner Bowen moved for approval; Commissioner Riley seconded. The court recorded the motion as carried.

The transcript does not show a recorded roll-call tally or the final signed purchase agreement; financing terms were described as estimated and contingent on Government Capital financing. The purchase price in the record is $2,500,000 and the financing description in the transcript describes a 20-year fixed rate at or below 6% with no down payment, and that the price “includes a retrofit.”

Commissioners also congratulated Brandy Royalls on her appointment as chief appraiser during discussion of the item.