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Big Spring council narrowly approves conditioned annexation and infrastructure deal with Frasier owners
Summary
After hours of debate about valuation, venue and grant timing, the City Council approved by a 4–3 vote an offer to enter agreements with the Frasier/Crawl Sale property owners to annex about 437 acres and pursue EDA-funded water and sewer infrastructure, with the approval conditioned on the owners’ unaltered acceptance by Nov. 29 at 5 p.m.
The Big Spring City Council voted 4–3 to approve a package of agreements offering to annex roughly 437 acres of the Frasier/Crawl Sale property and to pursue federal Economic Development Administration funding to build water and sewer infrastructure, but the approval is conditioned on the landowners accepting the agreements without alteration by 5 p.m. Nov. 29.
Council discussion centered on competing estimates of the property’s value and the scope of infrastructure. Mr. Willis, representing EDC interests, said current appraisals place the property well under the $30 million listing price in the packet and that an additional $20 million in infrastructure…
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