LCRA approves land sale for Marble Falls wastewater treatment plant
The city of Marble Falls is looking to relocate its wastewater treatment plant from its location near Johnson Park to a 49-acre parcel of land northwest of Walmart. The Lower Colorado River Authority the sale of the land to the city during a Dec. 15 board meeting. Staff photo by Alex Copeland
The Lower Colorado River Authority approved the sale of a 49-acre parcel of land to the city of Marble Falls for the site of a new wastewater treatment plant.
“We are going to move our wastewater treatment plant up to the farm and need to own the ground that the new plant will sit on,” said City Manager Mike Hodge in an email.
The land comes off a 228-acre piece of LCRA property that is referred to as the Shifflet Tract.
Marble Falls had the plot of land, located northwest of the city’s Walmart, appraised by a third party, who set the price at $2,200 per acre, or $107,800 total.
The sale is expected to close by the end of the year, according to LCRA officials. The river authority approved the sale during its Tuesday, Dec. 15, board meeting.
The LCRA will retain the mineral, oil, and gas rights on the property and will keep its access through existing roadways. The proceeds from the sale will go toward the LCRA strategic reserve fund.
In 1990, the LCRA purchased the entire 228-acre Shifflet Tract. The city of Marble Falls previously had an irrigation easement to dispose of treated domestic wastewater effluent on hay fields on the land.
4 thoughts on “LCRA approves land sale for Marble Falls wastewater treatment plant”
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Laura,
Because it’s one government entity ‘selling’ to another. Shenanigans abound.
My real interest would be who this third party really is. Or do they really exist? If so, they’re completely clueless or there’s something else it for them to come up with this all to favorable $2,200.00 number. I favor the latter.
Looking at the CAD numbers, it’s actually 261.5630 acres valued at $1,046,252.00. That simple math comes to exactly $4,000.00 per acre without any closing, admin. or financial costs. Typical.
So, back to Laura’s point. Why can’t we all get these excellent ‘third party’ valuations?
Not only was the 3rd party appraisal low but it was below cad appraisals value and cad is never what the market actually is. I,ve seen bare acre list for 36k yet cad appraisal is half or less of sale price. You can bet that if this 49 acres was on the open market is would be listed at 400k or more. and would sell in a day.
Only government entities can get away with paying a fraction of what the market really is. Burnet cad has vacant lots listed at 10k or more. Acreage properties else where are being taxed at 20k an acre or more. There are tons of citizens who would gladly pay 2200 an acre.
Well, that’s all fine and dandy, but if they’re paying 2200/ac IN TOWN, why has BCAD appraised my land, five miles OUT of town, at $14000/acre?