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City buys natural gas company
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| Developer Hal Jones cut the ribbon signifying the announcement of The Reserve at St. Charles Bay, a new waterfront community located adjacent to Goose Island State Park, top photo. An artist’s rendering of the project is shown in bottom photo. |
The City of Rockport officially closed the deal May 30 on its purchase of Aransas Natural Gas (ANG). The purchase price was $2,129,200, but after closing cost adjustments, the cost is $2,067,205.
At its April 8 meeting the council approved a term sheet as a letter of intent to purchase ANG. The City began natural gas operations at 12:01 a.m. May 31.
Pictured accepting the check from Rockport Mayor Todd Pearson, at right, is ANG's George Taggart.
At its April 8 meeting the council approved a term sheet as a letter of intent to purchase ANG. The City began natural gas operations at 12:01 a.m. May 31.
Pictured accepting the check from Rockport Mayor Todd Pearson, at right, is ANG's George Taggart.
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| New law prohibits businesses in park |
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