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Flower Mound TIRZ Board approves First Ranch Phase 1 development agreement
Summary
The Flower Mound TIRZ Board No. 2 unanimously approved a development agreement for First Ranch Phase 1 that authorizes reimbursement for infrastructure projects estimated at about $22.2 million, funded by TIRZ revenues, impact fees and an interlocal agreement with Denton County. Construction is expected to finish by December 2026.
The Flower Mound Tax Increment Reinvestment Zone (TIRZ) Board No. 2 on Tuesday evening approved a development agreement for First Ranch Phase 1, authorizing reimbursement for a suite of infrastructure projects estimated at about $22,200,000.
Lee Rodriguez, the town’s CIP service manager, presented the agreement and described the capital projects included in…
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