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Plainview OKs Chapter 380 sale of downtown building to West Texas Federal Credit Union with staffing and reporting conditions
Summary
Council approved a purchase-and-service agreement and a Chapter 380 economic development agreement to sell the former finance/utility building at 121 W. 7th St. to West Texas Federal Credit Union, subject to renovation, staffing and reporting conditions spelled out in the agreement.
Interim City Manager Johnston presented a purchase-and-service agreement and a Chapter 380 economic development agreement proposing sale of the city's former finance/utility building at 121 W. 7th St. to West Texas Federal Credit Union. Johnston said the building, which previously housed utility-payment services, has been vacant since city departments consolidated at the remodeled city hall, and staff recommended approval to return the property to the tax roll and stimulate downtown activity.
Johnston explained the statutory basis cited in the presentation: Chapter 380 of the Texas…
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