Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bonham ratifies BEDCO property sales, leaseback and performance agreement
Summary
The council ratified BEDCO’s sale of two properties for $30,000, approved a sale and leaseback of 327 N Main for $350,000 with BEDCO remaining as master tenant, extended a contract to sell ~6 acres for $2.7M, and approved incentives totaling $225,000 for Pura Vida Beach, LLC.
The Bonham City Council ratified several Bonham Economic Development Corporation (BEDCO) actions at its Dec. 8 meeting, including property sales, a leaseback arrangement, a contract extension and a performance agreement that provides incentives tied to renovation milestones.
BEDCO Executive Director William Myers told the council that BEDCO voted to sell two parcels at 505 N Main St and 120 S 5th St for a combined $30,000; the council ratified that sale after questions about flood‑zone issues (motion by Ernie Quintana, second by…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat