Update – Nov. 12, 6:50 p.m.

Georgetown City Council approved an amendment to rezone a 34 acre tract of land at the northwest corner of Lakeway Drive and I-35 to the Costco Wholesale planned unit development.

The item was up for a public hearing and first reading at the Nov. 12 meeting and council approved it unanimously. "Once approved, Costco will then determine the development schedule and submit for the required development approvals in order to develop the member’s only retail warehouse project," city documents said.

Original story – Nov. 12, 12:00 p.m.

Costco is looking to develop a members-only retail warehouse in Georgetown, featuring an attached tire center, a liquor sales area and an optical exam area, according to a letter of intent from the retailer to the city of Georgetown.

“In addition, a freestanding, 24-fueling-position fueling facility will be developed on the project site,” the document said.

It also said the warehouse and fuel facility would employ about 200-250 people in both full- and part-time positions.

Upon council approval of the planned unit development, the project would be built on about 34 acres of land at the northwest corner of Lakeway Drive and I-35. There are a total of 753 parking spots designed for the overall site plan.

The item is up for a first reading by City Council on Nov. 12 at 6 p.m. Community Impact Newspaper will update this story after the first reading and as more information becomes available.