News Roundup: Midland Median Home Price Rises

MidlandIn this week’s news roundup, we take a look at rising median home prices in Midland, a new tax rate for Midland County, and a potential bond package for Ector County ISD, and more.

Midland Home Price Increases Are Higher Than State Average

The Midland median price for homes sold between January and June 2017 is $246,000, which is 5.1 percent higher than the same period in 2016, the Texas Association of Realtors said in its mid-year review of the state market.

The median price statewide for the same time period was $221,000. For comparison’s sake, Odessa’s median was $170,000; Lubbock’s was $155,000; Abilene’s is $152,000, and San Antonio’s was $210,000.

Stay tuned for a deeper look at the report on MidlandDirt.com next week.

Midland County Commissioners Adopt Tax Rate

Although Midland county proposed to leave the tax rate at its current rate of 15.5992 cents per $100 valuation, commissioners adopted a lower rate when they met Monday.

The Midland Reporter-Telegram reported that the current tax rate would be 9 percent above the effective rate of 14.1823 cents. The rate adopted by commissioners Monday is 8 percent above the effective rate.

It was considered after residents spoke at public hearings and asked the court to consider a lower rate.

Odessa City Council Fires City Manager

In a 3-2 vote, the Odessa City Council voted to oust City Manager Richard Morton Tuesday.

Local NBC affiliate News 9 reported that Morton, who had been city manager for 15 years, was fired due to job performance, including water issues within the city and a plan to bring thousands of jobs to the area called the Mexico Initiative.

Council members Filberto Gonzales and Dewey Bryant voted against his firing.

Weir Oil & Gas Reaches Agreement for Midland Facility

A deal between Weir Oil & Gas and the Midland Economic Development Corp. will bring a multi-million dollar facility to Midland – and almost 100 jobs to go with it.

CBS 7 reported that the agreement includes $1.8 million in forgivable loans payable to Weir over a five-year time frame, and investments by Weir of close to $30 million – which will go into their new facility, equipment, and inventory.

The 92,000 square foot facility should be functional by 2019. It will be located on a 20-acre lot in the David Mims Business Park.

The deal is pending approval by Midland’s city council.

Politicking Begins for Potential Ector County Bond Package

At least one group has come out of the gates ready to defend and promote a potential bond package for Ector County ISD, the Odessa American reported.

The pro-bond advocacy political action committee 4 Kids’ Future is helped by former principal and Benito Consolidated ISD superintendent Adrian Vega, who says the group will soon unveil a website and Facebook page and is planning town hall meetings on Wednesdays this month, beginning at 5:30 p.m.

Ector County ISD’s Bond Advisory Committee made suggestions after working over the summer to review needs assessments, demographic studies, and other data. A bond, if passed by voters, would help address overcrowding issues at high school campuses.