McKinney City Council members unanimously authorized the sale of three tracts of land that will be used for the development of the Spur 399 extension at a Dec. 5 meeting.
The details
The three tracts of land, totaling 49 acres, are being purchased by the Texas Department of Transportation as part of the right-of-way acquisition process for the Spur 399 extension project.
Two of the properties are located directly south of McKinney National Airport, and the third is located roughly 1 mile east of the airport.
The sale totals nearly $7.85 million for the three properties, as well as $25,000 per tract to fund the creation of possession and use agreement documents, according to city documents. The land value and sale price was determined through a standardized process, McKinney Director of Engineering Gary Graham said at the meeting.
The process included:
