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Staff report: development update and proposed water/stormwater capital funds; council approves budget amendment
Summary
City staff summarized completed, current and future commercial and residential projects and the status of the UC Vision 35 comprehensive plan. Council approved a budget amendment creating separate capital funds for water and stormwater projects to improve transparency.
City planning and finance staff gave council an update on major development projects across Universal City and requested a budget amendment to create separate capital funds for water and stormwater improvements.
Development update: Planning staff said the city has seen widespread development over the past four to five years, with more than 92% of the city developed and only about 8% remaining undeveloped. Staff reviewed completed commercial and residential projects (14 commercial projects and several residential developments), current projects under construction (including an apartment complex, industrial buildings and commercial sites) and future projects such as Reunion (a larger master development) and a proposed outdoor volleyball facility on Loop 1604.
Staff reported specific projects including North Lake Business Park (industrial buildings), Cibolo Crossing (single-family subdivision), and a 260-unit apartment project along Pat Booker Road (22902 apartments). The city is coordinating roadway and infrastructure work for several larger projects; staff said Reunion’s master developer is likely to begin infrastructure construction near the end of this year or early next year.
Financial update and budget action: The finance officer provided a quarterly revenue/expenditure summary as of Dec. 31, 2024 (year-to-date revenues and transfers summarized in the meeting). Staff proposed a budget amendment to create two new capital funds to handle water and stormwater capital improvement projects to improve transparency and cash-flow reporting. Council approved the budget amendment (resolution number recorded during the meeting); staff said a separate five-year capital-improvement plan for the new funds will be provided in the annual budget document.
Why it matters: The development update helps council and residents track near-term building, infrastructure and roadway projects that affect capacity, traffic and services. Separating water and stormwater capital projects into distinct funds is intended to make project-specific revenues and expenses clearer to council and the public.
Key details - City development status: ~92% developed; less than 8% undeveloped land remains. - Projects noted: North Lake Business Park (industrial), Cibolo Crossing (163 single-family homes total), 22902 apartments (260 units), Reunion (large mixed-use master plan), and several commercial lots and future projects. - Budget action: Council approved a resolution to create two new capital funds for water and stormwater projects; staff will provide a five-year CIP for each fund in the budget documentation.
Council action: Council approved the budget amendment by motion; staff will continue to present project updates as the comprehensive-plan update proceeds and as infrastructure contracts are prepared.
