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Council approves economic-development purchase and 380 agreement with West Texas Federal Credit Union for downtown site
Summary
The council approved a purchase-and-service economic-development agreement (a Chapter 380-style arrangement) allowing West Texas Federal Credit Union to buy and renovate 121 W. 7th Street for a branch, with conditions on renovation, staffing and reporting.
The Plainview City Council approved an economic-development purchase and service agreement with West Texas Federal Credit Union to sell the city-owned property at 121 West 7th Street for use as a credit-union branch.
Interim City Manager Johnston described the project and the contract as a Chapter 380-style economic-development agreement. Johnston said the property is the former finance/utility payments building downtown that has been vacant since city departments moved into renovated City Hall. Staff…
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