Flower Mound TIRZ Board approves First Ranch Phase 1 development agreement
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.
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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.
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