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Cedar Park board approves $1.5M grant for Project Firehouse, delegates $100,000 contracting authority
Summary
The Economic Sales Tax Corporation approved minutes from Dec. 15, 2025, delegated authority to the city manager to execute performance‑based economic agreements up to $100,000, and authorized a $1.5 million performance‑based agreement with Headwater Capital Partners for Project Firehouse, a proposed 25‑acre, roughly 265,000‑sq‑ft development at 1199 Fire Lane.
The Cedar Park Economic Sales Tax Corporation approved three items on the regular agenda on March 13, including a resolution authorizing a $1,500,000 performance‑based economic development grant to Headwater Capital Partners for a proposed project labeled "Project Firehouse." The board also approved previous meeting minutes and delegated contracting authority to the city manager for performance‑based economic agreements not exceeding $100,000.
On the consent portion, a committee member moved to approve minutes from the Dec. 15, 2025 meeting and the motion was seconded; the record shows multiple "Aye" responses and the chair declared the motion passed.
On delegation, the board considered a motion to allow the sales tax corporation to delegate authority to the city manager or the manager's designee to execute performance‑based economic agreements up to $100,000. The motion was moved and seconded and the chair recorded an "Aye" and declared the motion passed.
On Project Firehouse, a staff member presented a development proposal from Georgetown‑based Headwater Capital Partners to develop a 25‑acre site at 1199 Fire Lane. The company would construct four buildings totaling roughly 265,000 square feet and undertake substantial road and frontage improvements, including extending Little Elm from Bell Boulevard to 183 A frontage and adding new driveways to city facilities. Staff recommended a $1,500,000 performance‑based grant to support the project; the board moved, seconded and approved the resolution authorizing the agreement.
The actions taken were recorded on the meeting's agenda and the board adjourned after brief closing remarks.
