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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 the development will exceed the impact-fee amount that would otherwise be collected from the subdivision. For sanitary sewer, the agreement provides an impact-fee credit of $821.75 per lot based on sewer work already installed or under construction. For water infrastructure, staff recommended collecting water impact fees now into a segregated account and reimbursing the developer after future capital projects (including a planned 24-inch water line and an elevated tank) are constructed; the agreement states the city will not reimburse or credit more than the amount collected from the developer.
Why it matters: The agreement sets the financial terms by which the city compensates or credits the developer for constructing public infrastructure that benefits the subdivision and the broader community.
Discussion and safeguards: Council members asked whether figures account for inflation and how the arrangement compares to recent impact-fee adjustments; staff said water reimbursements will be verified against actual construction costs when the developer completes the work and that collected funds will be held in a segregated account for reimbursement. The agreement also limits reimbursements to amounts actually collected from the subdivision.
Formal action: Council moved to approve the development agreement and authorized the interim city manager to execute necessary documents; the motion carried.
Implementation: Staff will monitor construction, segregate collected water impact fees, and process reimbursement or credits per the agreement—s terms once qualifying projects are completed and verified.
