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Real Property Sale Bid Opening

PRESS RELEASE
Real Property Sale Bid Opening
25 February 2019

 The City of Lago Vista closed the sealed bid process today for five properties that were listed for sale by the City Council.  Per Texas State Statute, the City Council officially advertised these properties for sale in the Austin American Statesman, on the City website, and on other media outlets.  

The City received twenty-one (21) sealed bids for the five properties listed.  The following are the highest bids for each property listed: 

           Property                                                                       Highest Bid

18001 Marshall’s Point                                                           $2,261,700

Modular Building                                                                    $5,000

20705 Deep Creek                                                                 $3,000

20707 Deep Creek                                                                 $3,000

9103 Rolling Hills Trail                                                            $16,100

 City Council will review all of the bids received at the regularly scheduled Council meeting on Thursday 7 March 2019.  If Council chooses to accept any bids, then an official action will take place in open session. The City reserves the right to reject any and all bids and to waive any informality in bids received.  

 
The City of Lago Vista is a home rule municipality located in the Hill Country of Travis County, Texas.  The City was incorporated in 1984 and operates under the council-manager form of government with a Mayor and six Council members.  The current population of Lago Vista is estimated at 6,627.   

 For more information on this or any other City related issues, please visit our website at www.lagovistatexas.org or contact City Manager Josh Ray at 512.267.1155 or jray@lago-vista.org

 

  • City Hall   |   512.267.1155   |   5803 Thunderbird Drive   |   Hours 7am-6pm Monday-Thursday
  • Police Department   |   512.267.7141   |   5901 Municipal Complex Way
  • Lago Vista Public Library   |   512.267.3868   |   5803 Thunderbird, Ste. 40
  • Lago Vista Golf Course   |   512.267.1170   |   4616 Rimrock Drive
  • LISTEN TO ONLINE STREAMING OF LAGO RADIO 1670/AM HERE.
 
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