Upshur County officials approve land lease
POSTED: Thursday, May 3, 2012 - 6:00pm
UPDATED: Thursday, May 3, 2012 - 6:14pm
GILMER — Upshur County Commissioners, in a 3-1 vote Monday, approved leasing school land in West Texas to a Seymour-based company for five years for about $1.64 million.
Commissioners began negotiating with Calthan Cattle Co. in March and finalized the agreement for the county’s 17,000 acres of school land on Monday.
School land is property the Texas Legislature gave to each county during the 1890s to support that county’s schools. Upshur County has been receiving about $200,000 annually from Spade Ranches for the lease on the property, which lies in Baylor and Throckmorton counties. The county divides the proceeds each year among the school districts that lie partially or wholly in Upshur County. The county’s lease with Spade Ranches expires at the end of May.
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