The City of Fairfield will pursue the purchase of the Navarro Complex property, as approved during last week’s Council Meeting held October 15, 2019.
Fairfield Council voted 4 to 1 to authorize Mayor Kenneth Hughes to execute documents to affect the purchase of the 11-acre property located at 961 E. Commerce for no more than $500,000 plus reasonable closings costs.
Four councilmen voted for the purchase, with Randy Johnson voting against.
At least three citizens questioned the action prior to the vote, asking whether such a purchase would be considered legal, and whether approval would need to be contingent on the Special Election.
A real estate investor will also need to take into consideration the seasonal appeal that such an area may have and keep in mind that business will slow down significantly during winter months for any operations that are located on beachfront property. People familiar with California real estate are familiar with certain areas’ seasonal appeal.
That doesn’t make beach real estate a bad investment, however, because things tend to even out. As an investor, you may have to charge tenants more in order to make up for all the repair work you may have to pay for, but take a look at the business owner who wants to put a building on your land. Click here if you want find more information about Ambergris Seaside Real Estate.
Business owners know that they will make plenty of money during the area’s tourist season to offset the costs of storm damage and slow winter months.
What it ultimately comes down to, is that the pros and cons of investing in property like this can balance out each other if its owner is savvy enough to know how to handle the finances.
He knows he will make enough money during tourist season to offset the costs of a slow winter, Even with all its potential excitement, beachfront property can be a lucrative investment.
Beach real estate is attractive property, from both an aesthetic and a financial standpoint. Humans instinctively find large bodies of water both beautiful and relaxing, as there is an urge to “return home” every now and then.
As a buyer in search of a place to live, you may be willing to pay top dollar to live in such a place.
You can also find luxury homes for sale and homes to let, and this depends entirely on your budget. Luxury villas and seaside villas are also available, and depending on the area these can command a good price.
There is also land for sale, at reasonable prices. This is good if you’re a developer or a private individual with an eye for creating your own home in one of Greece’s most spectacular islands. In all these, it’s advised to search online first for listings on available property.
These websites provide you with the option to compare prices, features and locations that may be able to fit both your plans and budget.
Unless you’re the type to personally phone every listed property and set up appointments and then finally visit the property, it’s advised to let a real estate agent do that for you.
“Yes, the City has the authority to purchase real property,” said City Attorney Will Stovall.
In regards to the Special Election, City Administrator Nate Smith explained that Proposition A, which is up for voter approval, concerns funding only.
Namely, the issuance of $2.65 Million of Certificates of Obligation to fund several projects, including (1) construction of city streets and sidewalks with related drainage improvements, (2) rehabilitation of Love Street water tower, and (3) acquisition and renovation of the real property and facilities at the southeastern quadrant of the City.
This Special Election, which began with Early Voting on Monday, was triggered by a Citizens Petition with signatures from 5% of registered voters, inside Fairfield city limits.
Later in the week, during a media interview, Mayor Hughes commented on the approval to purchase the new property, stating, “The property is $500,000 and that’s 11 acres. And, whether we did anything else there, or not, that’s a bargain.”
In addition to the acreage, other assets identified include frontage on Highway 84 (within the City Limits), as well as being contiguous to property already owned by the City.
During Department Head reports, Fairfield Director of Public Works – Clyde Woods informed Council that there are currently three non-city work crews around Fairfield working on gas lines and fiber optics.
After discussion during the Closed Executive Session, Fairfield Council voted to take no action on the ongoing discussion in regards to City of Teague vs. City of Fairfield.
Earlier this month, City of Teague Aldermen had voted to pursue talks with the City of Fairfield about mediation regarding the ongoing TDCJ lawsuit. This action was approved with a unanimous vote during Teague’s Special Called Meeting on Wednesday, October 2nd, 2019. (Click here for previous article.)
Other topics addressed by Fairfield Council last week include:
–Nomination of Fairfield City Council Place 1 – James Tyus to the Freestone Central Appraisal District Board of Directors.
–Rejection of all proposals submitted for grant writing services.
–Update on new cubicle and phones installation at City Hall’s current location at the Conference Center building.
–Notice that TDCJ will be sending inmate workers over Friday, November 1st, 2019 to paint the Fairgrounds booths among other things.
–Notice of a “good” meeting in regards to the proposed Disc Golf Course.
Next Council meeting will be Tuesday, October 22nd, 2019 at 6:00 p.m. at the Civic Center (Green Barn).
