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Burleson TIF board approves amendment to Depot & Main agreement to add pedestrian bridge and dog park access
Summary
The Burleson TIF No. 2 board unanimously approved a second amendment to a Chapter 380/development agreement with Depot and Main Holdings LLC to add a pedestrian bridge, ADA access switchbacks, sidewalks and a planned dog park; the amendment includes performance payments and continued eligibility for up to $2 million in TIF reimbursement.
Alex Phillips, the City of Burleson’s economic development director, told the Tax Increment Finance Reinvestment Zone No. 2 board on Aug. 18 that the proposed second amendment to the 380 development agreement with Depot and Main Holdings LLC would revise the site plan for a 275-unit, Class A multifamily project in Old Town to provide public access improvements including a pedestrian bridge over a drainage channel, ADA switchbacks and sidewalks and a public dog park.
"It is a 275 unit class a multi family development," Phillips said while summarizing the proposal and the associated public improvements. He told the board the project sits on the former site of the…
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