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Developer seeks 107-acre Del Bello Lakes expansion; offers tweaks to interlocal tax sharing
Summary
Shea Homes asked council for support to expand the Del Bello Lakes PUD by 107 acres and outlined interlocal-agreement scenarios that would accelerate payoff of $14 million in city-cost projects; council asked for buffering, an environmental study and neighborhood outreach.
Shea Homes representative Robert Santini returned to Manvel City Council on March 17 seeking support to expand the Del Bello Lakes planned unit development by 107 acres. Santini said the expansion would not add new city-funded projects but would add taxable value to the existing interlocal agreement with Brazoria County MUD 43 that funds regional improvements.
Under the current agreement the city’s ad valorem increment share is 70% (plus a portion of sales-tax increment) applied to specified regional…
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