Local businessman Ray Herrera had agreed to pay the city $22,800 for a lot in the industrial park earlier this year.
But after a new appraisal, he will only have to pay $17,000. The council has approved the lot’s sale to Herrera.
During a City Council meeting in February, then-Councilman Cruz Roybal objected that Herrera had to pay $22,800 for the land. Roybal said he had driven by the land in the Dee Bibb Industrial Park and determined that Herrera, who owns Ray’s Auto Sales, would have to do much work to make it useful.