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.

Based on the city's future land use plan map and comprehensive plan, the described purchase area could be focused Planning Area F.

After approving the land purchase, City Council—in tied votes—chose to not accept two future land use petitions on East New Hope Drive near the land purchase area and on South Bell Boulevard. A third petition was accepted for medium-density housing on Lone Star Drive.

“We're really trying to be intentional about the highest and best use of land, and when we purchase a very large piece of land, I hope that you can trust that we have the best interest of the city’s future," Council Member Anne Duffy said during closing comments.