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25-1898A

Authorize the (1) sale of one Land Bank Program lot to Wisehouse Investment Group, LLC, and/or its affiliates (Developer) subject to restrictive covenants, a right of reverter, and execution of all necessary documents, pursuant to the City’s Land Bank Program; and (2) execution of a developmental agreement with Developer for the construction of one single family home on the Land Bank Program lot - Financing: No cost consideration to the City (see Fiscal Information)

CONSENT AGENDA Approved Introduced May 20, 2025

What this record is

Held by
Wisehouse Investment Group, LLC
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
contract
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
Department of Housing and Community Development
Requested by
Department of Housing and Community Development (HOU)
Introduced
May 20, 2025
On agenda
June 25, 2025
Enactment no.
25-1041; APPROVED

Where it was heard

City Council Jun 25, 2025

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