Copperas Cove EDC to consider sale of downtown property
By LYNETTE SOWELL
The Copperas Cove Economic Development Corporation is considering a letter of intent to purchase property that the EDC owns in downtown Copperas Cove.
The 0.475-acre lot, located at 201 S. 2nd St., currently serves as the location for the weekly Copperas Cove Farmer’s Market and has been owned by the Copperas Cove EDC since a land swap with Coryell County back in 2017. Prior to being a vacant lot, the former Coryell County Annex was located on the site, but the aging structure was demolished by the EDC.
If the board approves the letter of intent and ultimately the property purchase, the matter would also have to go before the Copperas Cove city council for final approval.
The proposed purchase price for the lot is $40,000, according to the EDC’s meeting agenda for Wednesday, Aug. 25.
Also on the agenda, the EDC board will receive a presentation on the EDC’s fiscal year 2020 financial report.
The EDC board will hear updates from the EDC’s Interim Executive Director Diane Drussell, who will discuss the natural gas extension into The Narrows Business and Technology Park, Community Development Strategies, the Defense Community Infrastructure Program, and the EDC’s Multipurpose Trail project. The project, along with a proposed $940,000 agreement with Choice Builders LLC, was previously before the Copperas Cove city council for two of its prior meetings, but a decision was tabled by the council at its Aug. 10 special meeting, then the agenda item was pulled from last week’s Aug. 17 meeting.
The EDC board meeting is set for noon on Aug. 25, and will take place via phone. The public may call in at (888) 475-4499 and use meeting ID 3383290057.