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Board approves sale of 213 Prairie Street for $890,000 after executive session
Summary
After an executive session under Texas Government Code §551.072 on real property, the board approved the sale of 213 Prairie Street for $890,000 subject to the commercial contract terms discussed in closed session.
The Montgomery Economic Development Corporation met in closed session under Texas Government Code §551.072 to discuss real-property deliberations related to 213 Prairie Street. The board reconvened and moved to approve the sale of the property for a purchase price of $890,000 subject to the terms of the commercial contract discussed during executive session.
A board member made the motion to approve the sale, and another member seconded; the motion was carried by voice vote. The Chair confirmed the action and stated the sale had been approved. No further contract details or buyer identity were disclosed in open session; the board cited the executive-session discussion as the basis for the motion. The transcript record contains inconsistent references to the mover's surname (the member was addressed as “Beasley” earlier in the meeting and later as “Arnette”); the motion text and sale price are recorded in the open session.
