For the first time in city history, the city of Sulphur Springs will open up leasing bids for the area known as the Thermo Mine Property.
Per a release from city finance director/ assistant city manager Lesa Smith, the city has opened an annual agricultural lease at the Thermo property in the amount of 1,007 acres with a minimum bid of $25.00 per acre.
The lease is for agricultural use only, and no hunting, fishing or other recreational use will be permitted, Smith stated.
Sealed bids will be accepted at the city offices until November 30, 2021 at 10:00 a.m.
While the city has previously discussed opening Thermo’s agricultural leases to the public, in 2019 and 2020 the city chose to renew only those who held existing leases.
“Many locals have asked when they get a chance to bid,” city manager Marc Maxwell told Front Porch News. “We’ve realized we probably aren’t getting a good enough lease rate on it, so we decided to go out for bid.”
The city continues to pursue grant funding and business opportunities at the Thermo Mine, including a $100 million Build Back Better grant to be decided in Sept. 2022.
- Bid specifications can be found at: https://www.sulphurspringstx.org/Invitation%20to%20Bid-%20Thermo%20Lease.pdf
- Those with questions regarding bids should contact: email@example.com