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Citing the large task, city officials divided the area around the lake into 11 sections, with the lots around Comanche Trail and Choctaw Point being the first to be offered for sale. The intent, officials have said, is to proceed clockwise around the lake after the initial offering.
workshop marked the first public discussion of the potential sale of the three tracts. While the City Council took no action, its members expressed no reservation about city staff proceeding with steps to sell off the property.
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Known as Lake Tract No. 1, the property currently is leased for $2,401 a year.
The property, which includes two pieces near Lake Fort Phantom Hill and another near the Robertson and Middleton prison units, currently is leased to agricultural interests.
n About 475 acres of a 1,541 acre tract near the Texas Department of Criminal Justice Robertson and Middleton prison units.
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Before the land can be sold, the city must establish a procedure for submitting sealed bids, provide notice in the newspaper, accept bids and then garner City Council approval.
One of the property lessees just planted wheat, which likely won be cut until May, McClure said. That lease expires on June 30.
n 328.73 acres off West Lake Road near the recently opened Texas Veterans Cemetery and sprawling near the lake water boundaries
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City officials have said plans are to begin selling off lots around the lake this month.
While city officials believe some of the property should be retained as a zone outward from the dam structure, Travis McClure the city land agent said nearby property owners have expressed interest in buying it and potentially planting sunflowers and using it for hunting.
Known as Hamby Tract, the property currently is leased for $20,650 per year.
The city of Abilene is readying to sell some real estate it owns three tracts in the far northern reaches of the Key City totaling 993.73 acres with an estimated value at $1,200 an acre of $1.2 million.
Considered pasture and farmland, city staff has recommended the sale of the portion of city owned land west of CR 311 and of portions east of CR 308 and north of FM 3522/Jones County Road.
According to McClure, the city is considering selling the property because it isn critical to the operations of the Water Utilities Department.
The three tracts discussed Thursday during a City Council workshop session include:
don see us in the real estate business, Archibald said Thursday.
Mayor Norm Archibald said he understands the need for the city to own property, but that he favors the city doing it does best, which doesn include delving as much in real estate.
has taken steps toward subdividing and selling lots around Lake Fort Phantom Hill that residents have been leasing.
n About 130 acres of a 345 acre tract north of the Lake Fort Phantom Hill dam and east of West Lake Road
McClure said the city could terminate the leases before they expire in 2010, but that the city would have to pick up costs, such as offsetting the loss of crops.
Assistant City Manager David Vela said the proximity to the Texas Veterans Cemetery might entice development. One possibility, Vela said, is buying the property to build a hotel to house visitors to the cemetery.
Known as Lake Tract Omega Speedmaster For Women No. 4, the property currently is leased for $2,250 per year.
The city donated 70 acres for the Texas Veterans Cemetery, Archibald said.
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