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26-0187

Resolution authorizing execution of a Groundwater Rights Purchase and Sale Agreement with ERF Real Estate, Inc. to purchase 2478.69 acres of groundwater with access rights, six water wells and pipeline easements in the amount of $28,000,000.00, with $200,000.00 due within three days of executing the contract and the remainder due one year after closing, with closing to occur within 60 days of executing the contract.

Resolution Passed Introduced January 30, 2026

What this record is

Held by
ERF Real Estate, Inc
Amount
$28.0M
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
purchase
Field
Construction

construction contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee
City Council
Introduced
January 30, 2026
On agenda
February 10, 2026
Passed
February 10, 2026
Enacted
February 10, 2026
Enactment no.
033862

Where it was heard

City Council Feb 10, 2026 passed Pass

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