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Commissioners approve sale of Blumer Building to ERF Real Estate with leaseback terms
Summary
Brooks County approved sale of the Blumer Building to ERF Real Estate, Inc. for $150,000 with a county leaseback at 4% of the sale price (stated as $6,000 annually); commissioners asked for contract documentation and discussed a potential 8-to-12-month timeline before leasing.
Brooks County Commissioners approved the final sale of the Blumer Building to ERF Real Estate, Inc. for $150,000 and agreed to a leaseback arrangement under which the county would pay approximately 4% of the sale price per year.
Commissioners discussed timing and asked for a copy of the contract. At the reopened open session the Court confirmed the lease calculation as "4% of 150,000 equaling $6,000.00 a year" and approved the contract terms. Commissioner Aaron Trevino asked when the county would be ready to lease the property; court discussion estimated a leasing start of eight months to one year. The motion to approve passed unanimously.
The Court said it would revisit the contract documentation to ensure the county received a copy of the agreement for review, and staff were directed to follow up on the lease schedule and contract provisions.
