The gist
The property, which previously was the location of Regions Bank, is being purchased for $2.4 million, according to city information. Regions Bank relocated to a newly constructed space at 28522 Hwy. 249, Tomball, in 2020; since then, the property has been vacant.
City Council's approval ratifies the contract signed Oct. 2, which includes a 21-day feasibility study and was subject to City Council's approval of the purchase, Tom Condon, the city's Realtor with Colliers International, said during the meeting.
The city is expected to close on the property 15 days after council's approval, he said.
Quote of note
Klein Quinn said the former bank building on the property will be razed.
“The reason for this purchase is ... that could be a future City Hall to move onto Main Street and expand. We are out of space, and so that is the purpose of this, and there would be lots of meetings to discuss if this will work,” she said during the meeting.
One more thing
Council members Dane Dunagin, Mark Stoll and Derek Townsend voted to approve the purchase. Council members John Ford and Randy Parr were absent.
