Fate approves Project Cactus 380 incentive, amends Lafayette Crossing deal to fund infrastructure

FATE, Texas — The Fate City Council and the Fate Municipal Development District No. 1 on April 14 approved a Chapter 380 economic incentive agreement to help build infrastructure for Project Cactus, an 80-acre commercial development at the northwest corner of Crawford Road and Interstate 30, and amended the Lafayette Crossing development agreement to remove certain impact-fee credits tied to that site.

The Project Cactus plan presented to the council by Matt Wavering, city staff member, calls for about 400,000 square feet of commercial space, anchored by two large-format retailers of at least 100,000 square feet each; staff estimated the development could add roughly $140 million in taxable real property value and about $2.8 million in annual sales tax at full build-out.

Wavering said the site requires extensive public infrastructure — an east–west connector road, relocated water mains, sewer, stormwater detention and a traffic signal — with an estimated total infrastructure cost up to $15 million. The current Lafayette Crossing development agreement provided $9 million in impact-fee credits for part of that work; the council approved an amendment that removes those credits east of Woodcreek Boulevard so the city can instead reimburse actual infrastructure costs under a Chapter 380…