Tag Archives: Land Investments

SPRING QUARTERLY FORFEITED LAND SALE NOW OPEN

Via: Texas Veterans Blog

vets

Since 1946, Texas Veterans have been able to finance land purchases on favorable terms through the Texas Veterans Land Board (VLB). While the vast majority of Veteran borrowers keep current on their payments, a few must return land to the VLB. These forfeited land tracts are offered first to Texas Veterans and military members through Quarterly Online Land Sales (Type I Forfeited Land Sales).

The current sale features 15 tracts in 15 counties, totaling more than 109 acres. Available tracts can be viewed at TexasVeterans.com, where all bids must be placed by April 25, 2017 at 5 p.m. central time. A Veteran or military member whose bid is accepted may apply for a VLB land loan for 30 years at a 7.25% interest rate with a minimum 5% down payment. The land loan limit is $150,000.

Bids for land tracts may be submitted through our easy and safe online bidding system. It also gives you more control over the bidding process. Once you find a piece of VLB forfeited land, the VLB website will direct you to either create a new online bidding account, or sign in to an existing account. For those military service members and Veterans new to this method of bidding, we have created a user-friendly step-by-step Quick Start Guide that will walk you through the entire process. You can now rank individual bids based on preference, change the bid amount, or delete an entire bid with a few keystrokes. Up to six bids may be placed by a single buyer. Detailed information on the sales process can be found in the Type I Forfeited Land Sale Handbook.

Please note that tracts may be added or withdrawn by the VLB at any time, for any reason. Tracts that do not sell during the quarterly sales are made available to all Texas residents as part of the Ongoing Land Sale (Type II Forfeited Land Sale). VLB land loans are available for these tracts to non-Veterans at the interest rate of 7.75%.

Your Texas VLB land loan benefit can be used toward VLB forfeited land tracts or other properties of one acre or more anywhere in Texas. If you have questions about bidding offline or online, please contact the VLB at 1-800-252-8387 or vlbinfo@glo.texas.gov. Stay up to date on Quarterly Online Land Sales: text VLB, your name and zip code to 67076.

If there are no forfeited land tracts that interest you, please consider property search websites that list land for sale in Texas, or contact a VLB approved real estate professional.

Killeen council to examine amending future land-use map

Via KDHnews.com:

The Killeen City Council will have a public hearing and examine amending the Comprehensive Plan’s future land-use map to change a zoning designation at today’s regular meeting.

The land in question is a parcel of about 52 acres located along the north right of way of Stagecoach Road, about 420 feet west of Rein Drive.

DR Horton (copy)

Consideration of an amendment to the FLUM is necessary “because of the applicant’s request to rezone 52.54 acres” from agricultural single-family residential district to single-family residential district, according to a city memorandum.

During a Killeen Planning and Zoning Commission meeting in June, the commissioners recommended, 5-3, that the council disapprove an amendment to the future land-use map requested by W.B.W. Land Investments, a local developer, according to Herald reports.

Council members today also will consider approving the purchase of 42 encrypted digital handheld radios for the police department.

The radios would replace radios that are being phased out of inventories because of a lack of spare parts and support, according to a city memorandum.

“This acquisition will assist the police department in replacing many of its aging radios with new P25-compliant encrypted digital handheld radios in the furtherance of that goal,” the memorandum stated.

The purchase price of the radios is $149,043, and city staff recommended the radios be acquired from Dailey Wells Communications as a sole source procurement for $140,018 and 42 accessory sets (spare batteries, battery chargers and shoulder mics) from Tac 1 Systems for $9,025, based on lowest quoted price.

Other business

Council members will consider the Killeen-Fort Hood Regional Airport Subway Real Estate LLC lease agreement, extending the term for a period of five years from Oct. 1 to Sept. 30, 2020, and authorizing the city manager to execute the agreement.

Also, the council will consider reviewing, discussing and voting on the Killeen Arts Commission’s proposed recommendations for grant allocations of fiscal year 2016 hotel occupancy tax funds.

In June, during a meeting of the Arts Commission, the commission recommended the allocation of funding for eight applicants totaling $166,000.

Among other items, the council will look at three other zoning requests, with one of the requests asking for an amendment to the FLUM to allow a rezoning.

The council meets at 5 p.m. at City Hall, 101 N. College St.

A workshop follows the regular meeting, when the council will receive a briefing and discuss the draft water, wastewater and roadway impact fee study results and the remaining steps in the process for impact fee implementation.

The council also will discuss the fiscal year 2016 proposed budget, including the general fund and aviation.