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Consider a memorandum/resolution authorizing the sale of City-owned real property at 1506 Leader Drive and 1510 Linda Lane.
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DATE: June 17, 2025
TO: Kent Cagle, City Manager
FROM: Holli Clements, City Attorney
SUBJECT: Sale of City-owned real property at 1506 Leader Drive and 1510 Linda Lane
BACKGROUND AND FINDINGS:
In February 2025, City staff identified two parcels of property, in the Sugar Loaf Estates Addition, that it owns in fee simple. The two parcels are addressed as 1506 Leader Drive and 1510 Linda Lane. The property at 1506 Leader is an approximate 10,420 square foot tract and 1510 Linda Lane is a 6,615 square foot tract. Both properties are vacant and undeveloped. The City acquired both parcels in February 2017 from Goodnight Homes.
The City does not have future plans for the properties. Selling the parcels would allow the parcels to be put back on the tax rolls and would put maintenance responsibility on the new owners instead of the City.
Staff engaged a realty company to advertise and list both parcels with the Multiple Listing Service. The properties were listed for sale for a minimum of 30 days. At the end of the 30 days, multiple offers were received. The highest cash offer for each parcel is as follows:
Parcel Highest Offer
1506 Leader Driver $ 15,000
1510 Linda Lane $ 15,000
Both properties have liens recorded by the City of Killeen in connection with the abatement of high grass and weeds prior to the conveyance to the City in 2017. Excluding interest, the liens total $6,531.25 for 1506 Leader Drive and $5,849.00 for 1510 Linda Lane. Article XXI of the Financial Governance Policy allows the City to waive these liens upon a finding that the waiver would constitute a public purpose. Staff believe that, due to the amount of the liens and the value of the properties, waiver of the liens would be a public purpose as it would make the properties more marketable. The proposed sales contract renders both offers contingent o...
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