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Council reallocates developer proceeds, approves $1.3M architect contract to advance Stablet Street project
Summary
Council approved a third amendment to the Mansfield Sports District master agreement to redirect $1.3M of developer proceeds toward a professional services contract with the Beck Group to accelerate design work for the Stablet Street convention center and hotel project; staff emphasized the funds come from developer sales proceeds and TIRZ increment mechanisms rather than the general tax levy.
The Mansfield City Council on Dec. 8 approved a third amendment to the master development agreement with Mansfield Sports District and a companion professional services contract with the Beck Group not to exceed $1,300,000 to advance schematic and construction drawings for phase‑1 of the Stablet Street entertainment district.
Staff explained the third amendment reduces a $2.4 million reimbursement account established from property sale proceeds by $1.3 million; those funds will be used to pay the Beck Group to accelerate design work for the convention center, hotel and associated infrastructure. Staff said these are proceeds from the developer’s property sale and incremental TIRZ (Tax Increment Reinvestment Zone) receipts rather than general city tax revenue.
City staff described how a TIRZ captures the incremental taxable value created by vertical development relative to a base year and directs those increment dollars into project accounts intended to reimburse infrastructure and project costs. Staff indicated Tarrant County is participating at 50% of its increment contribution for 30 years and that the amendment preserves approximately $1.1 million remaining in the reimbursement account until convention construction begins and those funds revert as described in the agreement.
Matt Layman, regional director for the Beck Group, described his firm’s role preparing concepts and coordinating with city staff to produce permit‑ready drawings. Council members asked for a plain‑language explanation of TIRZ mechanics; staff walked through base value, captured increment and county participation.
Council moved and approved both the amendment and the contract; both motions recorded unanimous votes. Staff said the contract advances design so the city can begin infrastructure and construction more quickly if the developer proceeds, and that the city would own the resulting plans if the developer later defaults or the project is carried forward by the city.
