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Boards OK $1 million infrastructure participation and sales-tax reimbursement to unlock sewer and retail development
Summary
Boards authorized an economic development agreement with Denton Cross Timbers Partners LLC that includes construction-sales-tax reimbursement and up to $1,000,000 in public infrastructure participation (reimbursement after asset acceptance) to extend sewer and water toward a retail/industrial corridor; project timing is tied to the Trinity River Authority's regional sewer (TRA) expected in 2026.
Speaker 4 introduced an agreement with Denton Cross Timbers Partners LLC to help bring sewer and water to an area south of 1171 and east of 35W to enable retail and industrial development. He said this agreement differs from the previous item because it is not supported by a special district; the…
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