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Council approves $700,000 TIRS contribution and impact-fee funding for Abowich Drive completion
Summary
Council approved a reimbursement request tied to the Stainback tract: the TIRS board committed $700,000 and the city will use impact fees and water/wastewater impact fees to cover the remaining roughly $1.8 million needed to complete Abowich Drive.
Staff told the council that the developer for the Stainback 110‑acre tract dedicated 9.3 acres to Cinemark and built a portion of Abowich Drive; the TIRS board agreed to allocate $700,000 of remaining funds toward finishing the road and the council approved a resolution to reimburse the project using impact fees for roadway, water and wastewater.
The total road cost was stated as approximately $4.9 million; staff said earlier agreements and a 380 economic-development arrangement committed roughly $4.5 million to the project and the additional funding will complete the street and necessary lighting before turnover to the city. Council approved the reimbursement resolution by voice vote, 5–0.
