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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. Since then staff and the developer have completed multiple drainage-study reviews; Drew said changes to roads and the site plan continued to require new drainage reviews and that the developer—s engineers need to coordinate to resolve the outstanding comments.
Drew told the council the town has been cooperating to support the development by acquiring right-of-way so Pecan Parkway can provide access and by coordinating sewer easements with nearby property owners and developers. He said the zoning step will go first to the planning and zoning commission, which will make a recommendation to council. As required to offer a tax abatement, staff said the town will update its economic incentive policy (the EDC and CDC will review it and forward a recommendation) and then hold a public hearing to create a reinvestment zone; staff said the reinvestment-zone step and tax-abatement ordinance would follow in subsequent meetings.
When a council member asked whether abatements would terminate if the developer sold the property, Drew said he would follow up and confirm whether the abatements run with the land or with the applicant.
Ending
Staff said a staged buildout of five to ten years is likely; council action on zoning and tax abatement remains subject to the planning process and public hearings.
