Board president Randy Pittenger was authorized to execute a deed and other sales documents on behalf of the district. A sale closing is imminent, Pittenger said.
“We are not just thrilled about getting the money in the sale,” Pittenger said. “We are excited for Belton. This is a win-win situation for the buyer, the school district and the community. It’s helped return a piece of commercial land to the tax rolls and helped to keep an industry here in Belton.”
The board voted unanimously Monday to accept a $340,000 bid from B&D Mays Limited Partnership to purchase parcels 3, 4, 6 and 7 of the Bartz Field property.
Lee Mays, a principal in B&D Mays Limited Partnership and founder of Indeco Sales and Maco Manufacturing Co., said the land would be incorporated into its Indeco operations in Belton.
On Dec. 6, 2007, the 300,000-square-foot Indeco plant suffered a total loss by fire at an estimated cost of $10 million. In April of this year the company relocated its manufacturing plant - Maco Manufacturing - to 2204 N. General Bruce Drive adjacent to the Temple Industrial Park.
Mays said it made sense to purchase the school district’s property in Belton since it abuts his Indeco site.
Bartz Field has a cinder track once used by the school system in its athletic program. The 4.442-acre tract faces Sixth Avenue on the north and is bordered by Johnson Street on the east and Birdwell Drive on the west.
Mays said the school district had the property for sale a year ago for $400,000 and the parties could not reach an agreement when he made an offer of $350,000 then.
“Two weeks ago they notified me we had a deal,” he said.
Mays said acquiring the parcel would give him a total of 17 acres in that location.
He said that since the fire he has put a new roof on a metal building that suffered the least damage and a roof on the old stone building at 805 E. 4th Ave. that was the plant suffering the most damage.
A 10,000-square-foot facility on Cori Drive in Belton had no fire damage and will continue to be used.
Currently, 40 employees are working at the Belton Indeco site and 40 at the Temple Maco site, Mays said.
“We should be through with repairs in Belton by the first of the year and up to 100 percent production at the Maco Temple site,” Mays said.
Mays said more employees will be added after the new year.
Indeco Sales was founded by Mays and his wife, Doris, in Lubbock in 1969 and incorporated in 1971. It has been in operation in Belton since 1985.
Text size
Email to a friend
Listen to article
Print version
