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Council directs termination of 380 agreement with former Texas Rangers Foundation, approves 60‑day lease extension
Summary
After public remarks from new foundation leaders seeking time to present a plan, Fredericksburg City Council directed staff to terminate the 380 development agreement and ground lease for default but then approved a 60‑day extension of the ground lease to allow the association to present further information.
Fredericksburg — The City Council moved to terminate a long‑standing 380 Economic Development Agreement and an associated ground lease with the former Texas Rangers Foundation for default, but the council also approved a short 60‑day extension of the ground lease to allow new foundation leadership to propose a plan.
At the meeting, Norm Nevins and Lee White, representing the former Texas Rangers Foundation, said the…
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