(8)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 07/17/2024
- Title:
- Consider and take action on a Development Reimbursement Agreement for the Gateview Subdivision
- Submitted For:
- Kim Golden
- Submitted By:
- Veronica Carreon, Transportation and Planning
- Department:
- Transportation and Planning
Information
ACTION REQUEST
Consider and take action on a Development Reimbursement Agreement for the Gateview Subdivision.
BACKGROUND (Brief Summary)
To be named entity proposes to develop 26.6685 acre of land located north of Loop 197, east of the 16th Street Ditch and west of Heron's Landing and seeks the creation of a Public Improvement District (PID) to assist with funding the required infrastructure improvements. The City's policy for the use of special districts requires developers to enter into an agreement to reimburse the City for the consulting fees it incurs for reviewing and advising it to regard the formation and operation of the special district.
RECOMMENDATION
Staff recommends approval of a Development Reimbursement Agreement for the Gateview Subdivision to assist in evaluating the use of a PID for its development.