Council authorizes negotiation of development agreement and TIR/MMD framework for Digital Ranch campus
Council authorized the city manager to negotiate and enter a development agreement with Digital Ranch LLC/Digital Edge (vote 7–0) and later approved a resolution consenting to creation of Municipal Management District No. 4 to support infrastructure financing for the project.
The full story
The council gave staff direction and formal authorization on Sept. 22 to negotiate a development agreement and supporting finance structure for a large technology campus that could ultimately encompass about 873 acres. Staff described the proposed framework: a tax‑increment (TIRS) arrangement to fund public infrastructure (water, wastewater, roads, drainage and power facilities) and the creation of Municipal Management District No. 4 to provide an overlapping tax vehicle and long‑term maintenance and financing capacity.
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