Sale and Redevelopment of two City Properties

The City of Weatherford, Texas is requesting sealed proposals for the purchase and redevelopment of two downtown properties—221 North Main Street (minimum purchase price $1.2 million) and 119 Palo Pinto Street (minimum purchase price $1.7 million)—with proposals due August 11, 2026 at 2:00 p.m. Central Time.

Respondents may propose on either or both properties but must submit separate sealed proposals for each. The City seeks qualified developers, business owners, and other interested parties with no stated eligibility restriction or set-aside. Property tours are available by individual appointment upon request.

Proposals will be evaluated on purchase price and qualitative factors, with significant weight on proposed business use and downtown benefit. Mandatory evaluation elements include absence of conflicts of interest, compliance with minimum purchase prices, adherence to submission instructions, and proper completion of required appendices. Qualitative factors include development team strength and experience, quality and feasibility of the development concept, demonstrated financial capacity, preservation commitment, and proposed schedule. Respondents must provide documented evidence of financial capacity—recent bank statements, audited financial statements, lender commitment letters, and identification of all funding sources.

Each property is sold as-is, where-is without warranty. The City reserves all mineral rights; the selected respondent assumes all environmental liability. The selected respondent will execute a Development Agreement and Purchase and Sale Agreement, pay all closing costs and fees, and deposit earnest money to be determined during contract negotiation. The anticipated closing date is on or about October 8, 2026, approximately 30 days after City Council approval. The City Council must provide final approval for any sale and reserves the right to reject any or all proposals at its sole discretion. Written inquiries are due August 1, 2026. Oral presentations are scheduled for August 25, 2026, with City Council consideration on September 8, 2026.