The purchase of Woodridge Village from Perry Homes’ subsidiary Figure Four Partners is back on the agenda for Harris County Commissioners Court next Tuesday. All conditions previously imposed on the deal by Precinct 1 Commissioner Rodney Ellis have been addressed this time.
This time, the County Attorney will present the proposal, not Flood Control or the County Engineer’s office. See item 14 G below.
Agenda Item 14-G
14. County Attorney
g. Request that Commissioners Court authorize the Real Property Division manager or assistant division manager to sign an earnest money contract with Figure Four Partners, Ltd., for the purchase of two tracts of land containing approximately 267.35 acres in Montgomery County for the Woodridge Village stormwater detention basin in the amount of $14,019,316, approximately $5,100,770 below the appraised value, with purchase of the property being contingent upon certain conditions and commitments.
For more explanation of the agenda item, see the letter below or click this link for a hi-res printable pdf.
Reportedly, the agenda item moved to the county attorney this time because the purchase of the property is a legal issue.
Any projects done on the property after the purchase will fall into the domains of Flood Control or Engineering.
From the letter above, it appears the county has an opportunity to purchase the land below the market appraisal – a rarity.
Previous Conditions Specified in Letter
The purchase will be contingent on Flood Control and the City of Houston entering an Inter-Local Agreement within 120 days of the execution of an earnest money contract. The earnest money contract will also require several commitments by the City. Commitments include, but are not limited to, the following:
- City will contribute land to the county equal to one-half of the purchase price for flood damage reduction projects.
- City and the Flood Control District will equally share costs associated with the basin’s development AND post-development maintenance. The deed will show both the City and District as co-owners of the two tracts of land.
- City will adopt updated detention and fill mitigation requirements that, at a minimum, match Harris County regulations and Atlas 14 requirements – BOTH inside the City AND within the City’s extraterritorial jurisdiction.
Will Ellis Add New Conditions?
The subject of Woodridge has come up at Commissioners Court at least five times in the last six months. Each time, Precinct One Commissioner Rodney Ellis has used the occasion to add new conditions to the deal. All of his conditions, however, have been addressed in the letter above from Robert Soard, the First Assistant County Attorney.
Will Ellis say “Good enough” this time? Or will he throw more obstacles in the path of a purchase? Tune in to the next exciting episode of Harris County Commissioners Court. Tuesday, September 15, at 10AM.
If you would like to speak to the commissioners on this topic, you need to sign up no later than 8 a.m. on the day of the Commissioners Court meeting at https://appearancerequest.harriscountytx.gov/.
Posted by Bob Rehak on 9/13/2020
1111 Days since Hurricane Harvey and 360 since Imelda