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Flower Mound TIRZ Board Unanimously Approves First Ranch Phase 1 Development Agreement
Summary
The Flower Mound Tax Increment Reinvestment Zone (TIRZ) Board No. 2 unanimously approved a development agreement for First Ranch Phase 1, covering roads, sewer and water infrastructure with an estimated cost of about $22.2 million and expected completion by December 2026.
The Flower Mound Tax Increment Reinvestment Zone Board No. 2 unanimously approved a development agreement for First Ranch Phase 1 at a brief meeting, the board’s presiding officer said.
Lee Rodriguez, who identified himself as a town staff member, presented the development agreement and a list of associated capital projects,…
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