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Sep 13, 2022 · Context

Council authorizes AEDC purchase of 103.84 acres at Airport Boulevard and SE 3rd Avenue for $2 million, 5-0

The council voted 5-0 to authorize the AEDC to sign a contract and all documents to buy about 103.84 acres at Airport Boulevard and Southeast 3rd Avenue from a testamentary trust for $2,000,000 plus closing costs and related expenses. Kevin Carter presented the item.^[1]

Ginger Nelson Freda Powell Eddy Sauer Howard Smith Cole Stanley Kevin Carter Amarillo Economic Development Corporation (AEDC)

What the sources say

✓ Verified
Mayor Pro Tem Powell moved and Councilmember Smith seconded to authorize the AEDC to execute a contract and all necessary documents to purchase about 103.84 acres at Airport Boulevard and Southeast 3rd Avenue from a testamentary trust for $2,000,000.00 plus closing costs and related expenses. It passed 5-0. The minutes do not say what the land was for, and no fetched source states a planned use.^[1]
Acres
103.84
Price
$2,000,000
✓ Verified
The AEDC board approved the purchase unanimously on August 29, 2022. The minutes describe 103.84 acres 'in the northeast quadrant of the city' at an expected $19,260 per acre pending a formal appraisal, plus closing costs, to be renegotiated if the appraisal differed. Arithmetic: 103.84 acres at $19,260 is $1,999,958.40. The minutes do not state a planned use.^[2]
Price per acre
$19,260
Acres
103.84

Sources

1.Amarillo City Council Regular Meeting Minutes, 2022-09-13 — City of Amarillo, Sep 13, 2022 · retrieved Oct 14, 2026primarySubject-authoredScanned minutes (OCR). Item 2EE: "demolition of railroad tracks, ties, and paving ... to allow for utility updates for the remodel of the new City Hall. A motion was made to award the contract to Howell Sand in the amount of $116,003.00" ... "the motion passed by a 4-1 vote."
2.Amarillo Economic Development Corporation Board of Directors minutes, August 29, 2022 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Oct 11, 2022 · retrieved Oct 22, 2026primarySubject-authoredScanned minutes (OCR); figures checked against the page images. 'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.