EDC approves purchase and leaseback of roughly 5.115 acres in downtown Anna

The EDC approved Resolution 2026‑08‑14 authorizing a real estate sales and leaseback agreement with William Bentley Powell to acquire approximately 5.115 acres in downtown Anna, with a temporary post‑closing leaseback allowing Mr. Powell time to move to a new home.

Staff described this as the first of three planned acquisitions of parcels on the west side of the downtown area and asked the board to delegate authority to the board president or vice president and the economic development director to execute closing documents. The staff presenter said the transaction “will be the first of actual three agreements” and emphasized the importance of assembling parcels for downtown redevelopment.

The record lists a purchase price of $2,000,003.39 and contains additional unclear figures in the transcript. The board moved, seconded and approved the sale and leaseback unanimously.

The acquisition is intended to support downtown redevelopment objectives; staff said further parcel acquisitions are anticipated in the coming 60–90 days.