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Keene EDC authorizes pursuit of sale of roughly 5-acre Wallen Ridge parcel
Summary
After an executive session on real property, the Keene Economic Development Corporation Type B board voted 3-1 to pursue the sale of approximately 5 acres at Wallen Ridge.
Following an executive session held under the Texas Open Meetings Act for deliberations about real property, the Keene Economic Development Corporation Type B board voted 3-1 to pursue the sale of approximately 5 acres of EDC-owned land at Wallen Ridge.
The board convened in executive session under the authority of the Texas Government Code (Chapter 551) to discuss "deliberations about real property" and returned to open session to take action. After discussion, a board member moved that the EDC pursue sale of the parcel as discussed in executive session; another member seconded the motion and the board approved it 3-1.
The board did not disclose sale price, purchaser identity or negotiated terms in open session, nor did the public packet specify a listing price. Staff said the matter was discussed in closed session and action authorized to proceed with sale negotiations; the board did not provide additional public details at the meeting.
The motion recorded in open session instructs staff to proceed with the sale process and return with any contract or sale documents for future board consideration as required by law.
