Belton approves Olive Garden plat, creates Peculiar Drive CID to fund site improvements up to $1 million

The Belton City Council voted to approve the final plat and related right‑of‑way vacation for the site at the southwest corner of Interstate 49 and 58 Highway and to establish the Peculiar Drive Community Improvement District (CID), which will collect an additional 1% sales tax on purchases at the development to reimburse the developer for public improvements.

City staff told the council the cooperative agreement behind the CID reimburses the developer for public sewer, water, stormwater and parking‑lot work and caps city reimbursement “up to no more than $1,000,000 over the life of the CID,” using sales tax collected from sales inside the development. "The petition in front of the council will establish a community improvement district over the property that will collect an additional 1% of sales tax from all future sales at the restaurants ... to reimburse the developer for those public improvements," staff said during the council presentation.

The council approved three related…