The city of Cedar Park will purchase about 112 acres of land near the northeast corner of RM 1431 and Ronald Reagan Boulevard.
Cedar Park City Council unanimously approved a resolution June 24 authorizing the city manager to execute and sign a purchase and sale agreement. The vote followed a private, executive session discussion. The city's Community Development Corp. Type B will purchase the property, according to the approved motion.
"Several developers are currently considering Cedar Park for some exciting projects," city spokesperson Jennie Huerta said in a statement. "We see this parcel as a vital location for the future growth of our community. Negotiations remain ongoing, and no additional details are available at this time."
The city’s Type B board approved the acquisition of the land June 16 and authorized staff to publish a public notice and set a public hearing date. This item was also discussed privately in the board’s executive session. The Type B board helps the city with its "economic and community goals to serve the best interests of its citizens and guests," according to the city.
