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Rowlett council approves amendment to Trails at Cottonwood Creek development agreement, increases PID cap and fire-station funding
Summary
The council unanimously approved a first amendment to the development agreement with Trail Creek Partners LTD for the Trails at Cottonwood Creek, increasing the authorized PID amount and raising the city's pledged fire-station contribution.
The Rowlett City Council voted 5-0 on March 18 to adopt a resolution authorizing the city manager to execute a first amendment to the development agreement with Trail Creek Partners LTD for the Trails at Cottonwood Creek development.
Deputy City Manager Christoph Bauer told council the original development agreement covered roughly 737 acres and anticipated a public improvement district (PID) raising $11 million at an authorized rate of 0.324. The amendment increases the PID authorization to $20 million and raises the city's pledged…
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