EDC clears title on 4-acre Alexander Village parcel to allow conveyance to developer
The Balch Springs EDC Type A approved releasing a right of repurchase and prior restrictions on a 4-acre tract at 13601 IH 20 (Alexander Village) so the parcel can be conveyed to the current developer under a new economic-development agreement.
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The Balch Springs Industrial and Economic Development Corporation (Type A) voted April 20 to release a right of repurchase and prior development restrictions on a 4-acre tract at 13601 Interstate Highway 20 to allow conveyance to the current developer. Staff said the EDC previously reacquired the parcel after a prior developer did not meet obligations and that removing the old restriction is an administrative step to clear title for the new developer, Balch Springs Alexander LLC.
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