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Benbrook EDC approves $1 million incentive and conveys 9353 Benbrook Boulevard to Mad SR Benbrook RE LLC
Summary
The Benbrook Economic Development Corporation approved a $1,000,000 infrastructure incentive and conveyed BEDC-owned land at 9353 Benbrook Boulevard to Mad SR Benbrook RE LLC, amended its FY 2026–27 budget, and authorized the president to sign closing documents; the vote was unanimous.
The Benbrook Economic Development Corporation voted unanimously July 20 to provide a $1,000,000 economic development infrastructure incentive to Mad SR Benbrook RE LLC and to convey BEDC-owned land at 9353 Benbrook Boulevard, amending the BEDC’s FY 2026–27 budget and authorizing the corporation’s president to execute necessary documents.
Dr. Ackle moved the main motion to approve “an economic development infrastructure incentive with Mad SR Benbrook RE, LLC, in the amount of $1,000,000 and the conveyance of the property located at 9353 Benbrook Boulevard,” and to amend the FY 2026–27 budget accordingly and authorize the president to sign documents. The motion was seconded and the board voted to approve the motion unanimously.
The proposal presented to the board noted the purchaser intends to build a restaurant on the site. Board materials and the director’s presentation described the project as a roughly 6,000-square-foot restaurant; the meeting transcript also includes a conflicting reference to “2,500,000 square foot” in a separate remark. The board’s action adopted the incentive and the conveyance as described in the motion. The conveyance consideration is recorded in the meeting transcript as $10. The board did not record additional legal conditions, restrictive covenants, or implementation milestones in the public motion text.
The board opened and closed a public hearing on the item at the meeting; no members of the public addressed the board during that hearing. The president announced the board would reconvene from a closed executive session before taking the final vote. The motion’s approval was recorded as unanimous and the meeting adjourned at 7:36 p.m.
What happens next: the board authorized its president to sign any documents necessary to complete the conveyance and budget amendment. The transcript did not include a schedule for closing, specific development deadlines, or detailed contract terms.
