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TIRZ Board OKs development agreement for Brookview Phase 1A and 1B
Summary
Flower Mound Tax Increment Reinvestment Zone (TIRZ) Board No. 2 approved a reimbursement development agreement with Green Brick Edgewood for Brookview Phase 1A and 1B that covers roadway, water and trail improvements; staff described cost estimates and an anticipated 2026 build timeline.
The Flower Mound Tax Increment Reinvestment Zone (TIRZ) Board No. 2 unanimously approved a reimbursement development agreement with Green Brick Edgewood for Brookview Phase 1A and 1B, board staff said at the Oct. 21 meeting.
Board staff presented the agreement as a contract that will reimburse qualified capital projects in the Brookview area, including roadway and water infrastructure and off-site trail work. Town staff gave estimated project costs of about $10,800,000 for qualified on-site projects and about $1,500,000 for…
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