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Mount Pleasant council approves Chapter 380/381 incentive for Anderson Town Crossing anchor tenant
Summary
The council approved an economic development performance agreement with Anderson Town Crossing Partnership LLC under Texas Local Government Code chapters 380 and 381 to secure a national anchor tenant; staff outlined contract edits, reporting requirements and next steps including a PSA and confidential sales reporting.
The Mount Pleasant City Council approved an economic development incentive and performance agreement with Anderson Town Crossing Partnership LLC on Jan. 7, authorizing the city to enter the Chapter 380/381 agreements designed to secure an unnamed national Texas‑based retailer as the development’s anchor tenant. Staff recommended approval after a page‑by‑page review of recent edits to the draft agreement.
The staff presenter said the recitals were adjusted to reflect that Creative Destination Development LLC currently owns the property and that ownership will transfer to a developer upon execution of a…
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