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Council approves sale of 201 Northeast Second Street; proceeds restricted to capital improvements
Summary
Council approved a resolution authorizing sale of the former post office at 201 Northeast Second Street to a private buyer; presenters said the buyer intends to restore the building and that proceeds must go into restricted capital improvement accounts under Texas law.
The City Council voted to approve a resolution authorizing the mayor to execute a purchase-and-sale agreement for 201 Northeast Second Street, a property historically stewarded by the Mineral Wells Women's Club.
Speaker 4 described the building as the old post office, maintained by the Women's Club for about 48 years, and…
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