Freeport council holds first reading of EDC settlement to resolve disputed Velasco parcels

The Freeport City Council on a special meeting held a first reading of Resolution No. 2026-3042, a proposed settlement intended to resolve long‑running title and foreclosure disputes involving multiple lots in the Velasco town site and to clear the way for infrastructure completion and residential construction. Robert Johnson, executive director of the Freeport Economic Development Corporation (EDC), presented the agreement and detailed its key requirements.

Johnson said the settlement would consolidate obligations among the Freeport EDC, GL and L, and AMG, require completion of roadway and related infrastructure including North Avenue N and West Royer extensions, and make parties responsible for specified lots. He said the agreement requires certificates of occupancy for all units by Dec. 31, 2027, allows limited extensions for documented delays,…