Agenda No. 6.
SEDC MEMORANDUM
| SEDC Board Meeting: | 02/27/2025 |
| Department: | Economic Development Corporation |
| Subject: | Resolution 2025-1 - Authorizing the Executive Director of the City of Schertz Economic Development Corporation to enter into a Performance Agreement with EastGroup Properties, L.P. (S.Wayman) |
BACKGROUND
The EDC has been working for many years to complete this Town Creek sewer line. You are all aware that this project started many years ago with the Town Creek Sewer Study conducted by Kimley Horn.
The northernmost piece of the Town Creek sewer line is to be constructed by Boomerang and Lovett. The piece that we are discussing this evening will be the final, southernmost portion that will take the sewer from 3009 to its location on FM 2252 where Boomerang and Lovett leave work stops. The completion of this Town Creek sewer line will be an extraordinary accomplishment for the Economic Development Corporation and there are many moving parts to it.
The northernmost piece of the Town Creek sewer line is to be constructed by Boomerang and Lovett. The piece that we are discussing this evening will be the final, southernmost portion that will take the sewer from 3009 to its location on FM 2252 where Boomerang and Lovett leave work stops. The completion of this Town Creek sewer line will be an extraordinary accomplishment for the Economic Development Corporation and there are many moving parts to it.
COMMUNITY BENEFIT
Provision of sewer to the Town Creek Sewer Shed.
FISCAL IMPACT
$6,785,000 for the sewer construction and additional work of $750,000 for work to decommission the Tri County Lift Station.
SUMMARY OF RECOMMENDED ACTION
Staff recommends approval of SEDC Resolution 2025-1