Drechsel Bypass Trust
Key facts
- Latest action
· City Council Meeting
Purchase of Summit Avenue Properties
Result: Approved · Amount: $6.0M
- Money
$11.9M in total financial activity across agenda items that mention this organization.
Largest single item: $6.0M on (Purchase of Summit Avenue Properties)
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Activity Timeline
June 2026
Authorizes acquisition of fee simple interest in approximately 1.38 acres (all of Block 31, Jennings West Addition) on Summit Avenue, Ballinger Street, and Texas Street from three ownership groups for the Downtown Library project, for up to $5,950,000, plus up to $55,000 in estimated closing costs.
…e and 906 and 914 Ballinger Street from Patsy Pridgeon Drechsel, Trustee of the Drechsel Bypass Trust, Dee Ann Dreschel and Roland Dreschel III, respectively, and 1400 Texas Street…
Authorizes acquisition of fee simple interest in approximately 1.38 acres (all of Block 31, Jennings West Addition) on Summit Avenue, Ballinger Street, and Texas Street from three ownership groups for the Downtown Library project, for up to $5,950,000, plus up to $55,000 in estimated closing costs.
…e and 906 and 914 Ballinger Street from Patsy Pridgeon Drechsel, Trustee of the Drechsel Bypass Trust, Dee Ann Dreschel and Roland Dreschel III, respectively, and 1400 Texas Street…