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Council approves Fallingleaf Ranch PID with conditions tied to Exxon deed and environmental work
Summary
Friendswood City Council voted 5-1 to create the Fallingleaf Ranch Public Improvement District, but council members and residents pressed developers and staff for guarantees that environmental testing, remediation and a revised deed from Exxon be completed before any bonds are issued.
Friendswood City Council on April 7 approved a resolution creating the 117.506-acre Fallingleaf Ranch Public Improvement District, a financing and oversight vehicle the city says will help fund public infrastructure for a proposed development southeast of Stonewall Pass Lane.
Councilmembers emphasized that PID bonds will not be issued until a preliminary and final service-and-assessment plan is prepared and approved, and until environmental work — including assessments and any required remediation to meet Exxon’s deed requirements — is completed to Exxon’s satisfaction. Council approved the resolution by a 5-1 vote.
The development parcel, described in staff materials as roughly 117.506 acres, is currently encumbered by a special warranty deed recorded by Exxon that includes restrictions tied to environmental concerns. Aubrey Harbin, Friendswood community development director, told the council that the developer must submit a revised concept plan…
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