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Conroe council approves contingent sale of Sam Houston School to Overland Group for $4.3 million
Summary
The City Council voted Jan. 6 to accept a staff recommendation to sell 5.67 acres of the former Sam Houston Elementary School to the Overland Group for $4.3 million, contingent on the buyer securing grant funding; council also approved a resolution supporting the buyer's state grant application.
Conroe City Council voted Jan. 6 to accept a staff recommendation to sell 5.67 acres that include the former Sam Houston Elementary School to the Overland Group for $4,300,000, contingent on the buyer securing outside grant funding.
The sale drew a full public discussion earlier in the meeting, and the council recessed to executive session before returning to the dais and voting. City staff recommended the Overland Group after reviewing two offers, and staff said the sale agreement includes a condition that the property will revert to the city if the purchaser does not obtain the funding it is seeking.
Why it matters: The property is a long-discussed, high-profile site in downtown Conroe that community members and arts advocates have sought to preserve or…
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