Georgetown council evaluates public improvement district for Heirloom mixed-use development

The Georgetown City Council meeting held on March 25, 2025, focused on several key agenda items, primarily centered around the proposed Heirloom development and its implications for the city.

The meeting commenced with a discussion on fiscal policies, specifically addressing the restrictions on moving funds between different accounts without an amendment. This clarification was important for council members as they navigated budgetary considerations.

Following this, Nick, a city official, presented an overview of the Heirloom development, which is a significant mixed-use project proposed for annexation into the city limits. The project spans 620 acres at the intersection of Ronald Reagan Boulevard and County Road 248, currently located in the city's extraterritorial jurisdiction (ETJ). The complexity of the project was emphasized, as it involves simultaneous processes of annexation, Planned Unit Development (PUD) zoning, and the establishment of a Public Improvement District (PID).

Nick outlined the need for council feedback on various aspects of the development, including architectural standards, financial terms, and public services such as parks, transportation improvements, and water infrastructure. The council was asked to consider their support for the PID and any adjustments they might want the developer to make before the project advances.

The presentation highlighted that approximately 340 acres of the development would be designated for residential use, with an additional 48 acres allocated for parkland. Notably, the project also involves land currently owned by the Georgetown Independent School District (GISD), which may require land swaps to accommodate future school development.

The meeting concluded with a call for council members to provide their insights and direction regarding the Heirloom development, setting the stage for further discussions at the planning and zoning commission level. Overall, the session underscored the city's commitment to thorough evaluation and community engagement in the planning process for significant developments.