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Commissioners postpone decision on Paul Michael property; seller seeks extended earnest-money and price terms
Summary
The court did not decide on a contract to buy the Paul Michael property at 1930 North Trade Days Boulevard; the county judge reported the seller asked for either a $100,000 additional earnest payment to extend the contract to Nov. 15 or a $100,000 price increase, and the court scheduled a special session to review the revised contract.
Van Zandt County commissioners deferred a decision on whether to proceed with purchase of the Paul Michael property at 1930 North Trade Days Boulevard, directing staff to schedule a special meeting once a revised contract arrives from the seller's agent.
The county judge told the court the county had three options: do nothing and forfeit a previously deposited $60,000 earnest payment; execute the existing…
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