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Commissioners back Red Oak EDC’s plan to purchase 133.5 acres using sales‑tax bond funds
Summary
The court approved a certificate of resolution supporting the Red Oak Economic Development Corporation’s purchase of roughly 133.5 acres located in Ellis County but outside Red Oak city limits; the purchase will use the EDC’s sales‑tax bond funds.
Ellis County Commissioners Court adopted a certificate of resolution supporting the Red Oak Economic Development Corporation’s planned acquisition of approximately 133.5 acres located inside Ellis County but outside the Red Oak city limits.
Lee McCleary, director of the Red Oak Economic Development Corporation, explained the purchase would use the EDC’s sales‑tax bond funds and noted state law (Texas Local Government Code §501.159) requires county acknowledgement when an economic development corporation uses bond funds to buy property outside its city limits. McCleary said the acquisition involves two parcels (approximately 31 acres and just over 2 acres in the same ownership), and that the EDC would consider voluntary annexation or other project steps in the future as development plans proceed.
Why it matters The resolution is a statutory step that allows the EDC to proceed with land acquisition using its own sales‑tax bond resources; it does not authorize county dollars to be spent. The court’s action is required by state statute when an economic development corporation purchases property outside the corporate limits of the issuing city.
Next steps With the county resolution in place, the Red Oak EDC may proceed with the acquisition under its governing authority and bond procedures; any future county involvement, annexation or incentives would be subject to further review and approvals.
