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Council reviews steps to finish Northlake Business Park: zoning, drainage reviews and tax-abatement path
Summary
Staff updated council on the Northlake Business Park project: annexation completed in 2024, multiple drainage reviews remain, the town has secured right-of-way access and is preparing revised economic incentive policy and a reinvestment zone to enable a negotiated tax abatement over a multiyear buildout.
Town staff updated the council on the status of the Northlake Business Park development behind the Sunbelt Self Storage area and described the remaining steps: final drainage review, zoning hearings, and creating a reinvestment zone to enable a negotiated tax abatement.
Drew, a town staff member, said the project began in 2021 and the development agreement was executed toward the end of 2023. The town annexed the property in 2024.…
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