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Burleson EDC approves $1.1 million purchase of 114 West Ellison and adopts matching budget amendment
Summary
The Burleson Economic Development Type 4A board voted unanimously to authorize a $1,100,000 purchase of 114 West Ellison Street, citing a sole RFP submission. The board also approved a midyear budget amendment to increase 4A fund appropriations by the same amount.
The Burleson Economic Development (Type 4A) board unanimously approved a resolution to purchase the property at 114 West Ellison Street for $1,100,000 and adopted a midyear budget amendment to fund the acquisition.
Alex Phillips, economic development director for the city of Burleson, told the board the city released the request for proposals on March 7, 2025, and received a single submission from “Burleson 4 a corp.” “The minimum bid that we had in the RFP was $1,100,000,” Phillips said, and described the preferred redevelopment plan as ground-floor retail with second-floor office space totaling about 10,000 square feet and a 32-foot maximum height. He said the development agreement would include a waiver in favor of the city under the Texas Government Code chapter 3000 to specify building products, materials and methods.
When no board members raised questions, the board moved to approve the purchase resolution. The Chair announced the motion passed unanimously.
Following the purchase vote, city staff presented a tied budget action. Kevin, a city staff member, explained that the staff recommendation was to amend the midyear fiscal 2024–25 budget to increase appropriations in the 4A fund by $1,100,000 to cover the capital need for the acquisition. “The amount of $1,100,000 after the purchase of the building at 114 West Ellison Street … staff recommendation is to consider approving the amendment to the midyear budget to increase the appropriations for $1,100,000 for the 4A fund to accommodate this capital need,” Kevin said. The board then voted to approve the amendment unanimously.
Phillips said the Economic Development Corporation would take immediate ownership after closing (scheduled on or before Sept. 25) and would begin plans to raise the existing building, create a marketing package, and recruit corporate or regional headquarters office users in fiscal year 2026. The project concept described 5,000 square feet of ground-floor retail, 5,000 square feet of second-floor office, enhanced public parking, landscaping and walkability improvements.
The board had no requests for future agenda items and adjourned at 4:06 p.m.
