The Brownwood Municipal Development Directors Board of Directors on Tuesday afternoon approved the sale of up to 26.369 acres of land to Trafalgar Homes for development of housing dependent upon a fair market price.
“The MDD owns some property south of town off FM 45 and we have a housing developer, Trafalgar Homes, interested in buying it for development,” said Ray Tipton, BMDD Executive Director. “They haven’t worked out their entire development yet, but they’ve asked us if we’d be interested in selling some property to them. That’s what the approval was today, subject to fair market appraisal, it’s contingent on that.”
BMDD OKs land sale for future housing development
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BMDD Board Schedules Tuesday Meeting
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The Brownwood City Council on Tuesday approved making a one-time payment of $269,238.54 to ERCOT for ancillary service charges. The impact of the February winter storm resulted in high ancillary services costs that are billed to the City under its agreement with Gexa Energy.
The council was presented three options of payment:
Pay the entire amount by June 4, 2021.
Pay the charges monthly beginning with the invoice for June 2021 usage and continuing through December 2022. The monthly additional charge would be $14,493.63. This amount over the term would cost the city a total of $275,389.42, which includes interest in the amount of $6,150.88.
Pay the charges monthly beginning with the invoice for June 2021 usage and continuing through December 2028. The monthly additional charge would be $4,049.08 and would cost the city a total of $368,466.28, which includes interest in the amount of $99,227.74.