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Navasota council approves industrial-district agreement with EVAPCO Inc.; amends and terminates related IDAs
Summary
The council approved resolution 843-26 (transcript also references 823-26), authorizing an industrial-district agreement with EVAPCO Inc., acquisition of property in the Navasota Industrial District, amendment to an IDA with TxFAB Inc. (DBA Amorecter) and termination of an IDA with BCS Leasing LLC by mutual agreement.
Navasota — The City Council on July 13 voted to approve an industrial-district agreement with EVAPCO Inc. and related changes to the city's industrial development agreements.
On a voice vote the council approved resolution numbered in the transcript as both "843-26" and "823-26"; the resolution authorizes the city to enter an industrial-district agreement with EVAPCO Inc., to facilitate EVAPCO's acquisition of certain property within the Navasota Industrial District, to amend the city's industrial development agreement with TxFAB Inc. (doing business as Amorecter), and to terminate an IDA with BCS Leasing LLC by mutual agreement.
Council member Miller moved the resolution and Council member Gessner seconded the motion; the council recorded "ayes" and the motion passed. The resolution and the property-acquisition items followed an executive session announced earlier in the meeting under Texas Government Code section 551.072 (real property) and the economic-development exception for negotiations.
The council did not place further details about sale price, incentives, or closing dates on the public record during the meeting. The resolution number is inconsistently recorded in the transcript; staff records should be consulted for the authoritative ordinance/resolution number and the finalized agreement documents.
The meeting adjourned business on the agenda after the vote.
