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Council authorizes nonbinding letter of intent for potential 343.89-acre Skybox Data Centers purchase
Summary
After closed session, the council authorized the city manager to negotiate a nonbinding letter of intent with Skybox Data Centers, LLC regarding the possible sale of approximately 343.89 acres; a proposed purchase price of $50,000 per acre was included, subject to final contract approval and Chapter 380 agreement.
Following a closed executive session, the San Angelo City Council on March 7 authorized the City Manager to negotiate and execute a nonbinding letter of intent with Skybox Data Centers, LLC for the possible sale of approximately 343.89 acres of city-owned land in several surveys and abstracts.
The motion directed the City Manager to pursue a letter of intent that included a proposed purchase price of $50,000 per acre, subject to council approval of a final contract of sale and an economic development agreement under Chapter 380 of the Texas Local Government Code. The council voted to authorize the action; the vote was recorded as aye and the motion passed.
The item followed a closed-session discussion under Government Code Chapter 551 on deliberations about real property. Staff did not provide sale contract details in open session other than the acreage and the proposed per-acre figure; council action at the meeting authorized the City Manager to negotiate and execute a nonbinding LOI pending final council approval of any sale documents.
