Granger approves development agreement with Reeder Development under $1.15M urban-renewal cap
The council approved Resolution 2026-35 to reimburse street and utility extensions for Todd Reeder’s lot using Southeast Urban Renewal tax increment. Payments start in FY 2027, initial reimbursements total about $46,000 for two years, then roughly $35,000 annually; the agreement runs to June 30, 2041 with a $1,150,000 cap.
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The Granger City Council voted to approve Resolution 2026-35, adopting a development agreement with Reeder Development that will reimburse the developer for extending street and utility infrastructure serving a single lot at the southeast corner of Craddock (Hillcrest). The motion to approve the resolution was made by a council member (S5) and seconded; the roll call recorded affirmative votes and the resolution passed on the record.
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