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Liberty Hill ISD authorizes development agreement and property purchases after closed session
Summary
After returning from closed session, trustees authorized a development agreement with 5500 County Road 2277 Investments LLC, authorized a property purchase to close in late August/early September 2024, and approved due diligence on a roughly 0.56-acre tract in Williamson County (Appraisal District R315566).
The Liberty Hill ISD Board of Trustees returned to open session at 8:14 p.m. on Aug. 19 and approved several property and development items discussed in closed session, trustees said.
Trustees approved a development agreement with 5500 County Road 2277 Investments LLC, authorizing the superintendent or designee to negotiate and execute the agreement and directing the board president to sign any documents necessary to finalize and close the deal. The motion was made and seconded on the record and carried.
The board also authorized the superintendent or designee to finalize the purchase and proceed to closing on a presented property in late August or early September 2024. Administration was authorized to execute related documents and take appropriate actions to finalize the purchase and take possession of the property.
On a separate motion, the board approved pursuing the purchase of a tract of approximately 0.56 acres described in part in the Williamson County Appraisal District as R315566, with the superintendent or designee authorized to conduct due diligence; final board approval is required prior to closing.
These items followed a closed session that the board held earlier under the Texas Open Meetings Act for economic development negotiations, real-property deliberations and personnel matters.
Votes at a glance: - Development agreement with 5500 County Road 2277 Investments LLC: mover recorded; outcome: approved; authorization to execute final documents. - Authorization to finalize purchase and close on presented property (late Aug./early Sept. 2024): outcome: approved. - Approval to pursue purchase of ~0.56 acres (WCAD R315566) and conduct due diligence: outcome: approved; final approval required before closing.
The board announced a special meeting for Sept. 9, 2024, at 6 p.m. and adjourned at 8:18 p.m.
