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Plainview approves economic development agreement to sell 121 West 7th to West Texas Federal Credit Union
Summary
Council approved a Chapter 380 purchase-and-service economic agreement allowing West Texas Federal Credit Union to buy and renovate the former finance building at 121 West 7th Street, subject to four stipulations including completion timeline and minimum local employment.
The Plainview City Council approved a purchase-and-service economic development agreement under Chapter 380 of the Texas Local Government Code that will allow West Texas Federal Credit Union to purchase and renovate the former finance/utility building at 121 West 7th Street.
Interim City Manager Johnston outlined the statutory authority for the agreement, citing Chapter 380 of the Texas Local Government Code and section 253.0125 of the Local Government Code, and noted the…
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