Council approves redevelopment and development agreements with Legacy Realty, developer to pay $13,000 at closing
The council approved a redevelopment/professional services agreement and a development agreement with Legacy Realty for property near West Davis/West State Street; the developer will pay $13,000 at closing and the city will participate in a Grayson County interlocal agreement requiring a $6,200 city contribution to the road rebuild.
The full story
The council approved a package of agreements with Legacy Realty and Investments LLC to enable redevelopment of property behind the bank at the end of West State/West Davis Street. Staff explained the redevelopment and professional services agreement will allow the city attorney and engineer to negotiate with the developer and invoice the developer directly for those services; staff recommended approval and council voted to authorize the agreement.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in