Council authorizes negotiation of master development agreement with Stellar Development LLC

The Weatherford City Council approved Resolution R2025-17 directing the city manager to negotiate, finalize and execute a master development agreement and related documents between the City of Weatherford, the board of directors of Tax Reinvestment Zone No. 1, and Stellar Development LLC for a destination mixed-use development that includes a qualified convention center and hotel.

The council took the action immediately after returning from an executive session held for deliberation regarding economic development negotiations (identified in the meeting record as Project Apex and other project files) under state law. Councilmember Heidi Weiler moved to approve Resolution R2025-17; Luke Williams seconded, and the motion passed by electronic vote.

Nut graf: The resolution authorizes negotiation and execution of the development agreement and related documents; it does not itself finalize financial terms or bind the city to construction or financing commitments. The motion directs staff to complete negotiation and return executed documents pursuant to any approvals required by the council and applicable law.

Discussion and next steps: The resolution authorizes the city manager to finalize documents with Stellar Development LLC and the Tax Reinvestment Zone board. The council did not provide detailed terms in open session; staff will return with finalized agreements for council consideration or execution steps as required.