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Argyle council approves MDD funding agreement for Morrison tract with $300,000 incentive and infrastructure commitments
Summary
Town Council approved Resolution 2025-60, authorizing a performance-based MDD incentive of $300,000 and fee credits for the Morrison tract in exchange for public infrastructure, farmers-market hookups and a dedicated restroom to serve the Argyle Nature Trail.
Argyle Town Council approved a resolution authorizing an economic development incentive agreement for the Morrison tract, the two-acre commercial parcel south of Little Joe’s and adjacent to the Professional Depot building. The action authorizes a performance-based reimbursement and fee credits negotiated between the developer and the Town’s Municipal Development District.
Why it matters: The Morrison tract project is the commercial component adjacent to the Marsden/Marston site and is intended by the Municipal Development District to catalyze the Town Center by adding office, retail, pedestrian space and utilities to support the Argyle Nature Trail and farmers market.
What the agreement includes
- An MDD funding commitment reduced from the applicant’s…
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