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Council approves Myrtle Creek development agreement to set impact-fee credits and reimbursement process
Summary
The council approved a development agreement with Spur Myrtle Creek Development LP that sets how the city will provide impact-fee credits and reimbursements for road, sewer and water infrastructure within the Myrtle Creek subdivision.
The Waxahachie City Council on Monday approved a development agreement with Spur Myrtle Creek Development LP that specifies impact-fee credits and a reimbursement process for roadway, sewer and water projects constructed as part of the Myrtle Creek subdivision.
City staff explained the agreement establishes a process to reimburse the developer or grant impact-fee credits for capital projects that serve the subdivision. The agreement proposes 100% impact-fee credit for roadway improvements because the construction of roads within…
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