Copperas Cove EDC accepts contract for 10-acre property purchase for $800,000
By BRITTANY FHOLER
The Copperas Cove Economic Development Corporation accepted a contract for the purchase of more than 10 acres in The Narrows Business & Technology Park by Fieldstone Commercial, LLC during the board’s regular meeting on Wednesday.
Fieldstone Commercial, LLC and the CCEDC agreed upon Fieldstone’s purchase of 10.207 acres in The Narrows for $800,000 for mixed-use development.
The accepted contract lays out some restrictions for the property use. As part of The Narrows, the property - divided into three prospective lots - may be sold or leased for not more than one gas station/convenience store and one non-fast food restaurant on two of the lots. The property may be used for professional office space, back office, customer service, and “Destination Retail.” The property may not be used for niche retail, personal service, pop-up retail, fast food/drive-through restaurants, self-storage/moving units, residential/multi=family residential apartments, or hotels.
The contract must also be approved by the Copperas Cove city council, and will be on the agenda for the March 17 council meeting, according to the EDC’s assistant director, Diane Drussell.
The Narrows has one other occupant, the CDL School, which provides instruction for truck drivers through its "Troops Into Transportation" program.
The CCEDC’s Executive Director, Jonas Titas, also updated the board on the extension of natural gas to the Narrows Business and Technology Park. The process is moving forward, with no changes since the last meeting. Atmos Gas will begin creating the construction documents and the bid documents, which will take several months, Titas said.
Titas also shared an update on the burial of utility lines on Bus. 190, in conjunction with the Median Project. Oncor has their first draft of plans complete for the burial of utility lines from Robertson Avenue to the end of town just east of Constitution, Titas said.
“I think this is an exciting project, and it fits within the constraints of what we’ve talked about in our budget workshop that we had in the fall, and once we get a final number, we can definitely evaluate whether this is something that we would like to participate in,” Titas said.
Lynette Sowell also contributed to this article.