Kendall County commissioners on Jan. 27 will consider a Farm and Ranch Contract for a 310-acre property purchased through Proposition A funds.
According to the Texas Real Estate Commission, a Farm and Ranch Contract contains provisions to deal with items that are relevant to farms and ranches that are not specifically addressed in other types of contracts.
What’s happening?
On Dec. 23, around 310 acres of property at Guadalupe River Ranch were approved for purchase by county commissioners for around $11.25 million from Proposition A funds. Costs and total acreage will be specified following an inspection and survey period.
Proposition A Committee Chair Rusty Busby told county commissioners that demolition of structures was required on the property before the purchase goes through. The county will hold $60,000 in escrow until the demolition requirements are met.
Upon approval in 2022, Proposition A gave Kendall County $20 million in interest-bearing bonds with a requirement to spend 80%, or $17 million, by June 2026.
Since the inception of Proposition A, the funds have been used for the purchase of conservation easements and limited parkland throughout the county.
The Farm and Ranch Contract is another step forward for the purchased park, and Kendall County Commissioners will discuss the agenda item on Jan. 27. Commissioners Court meetings begin at 9 a.m., held at the Kendall County Courthouse, 201 E. San Antonio Ave., Ste. 127, Boerne.
