2243 and 62 acres located on the south side of RM 2243 for a total of 1,210 acres.
Parkside on the River Municipal Utility District will be the second MUD to be built in the Water Oak development and plans to bring 2,500 single-family homes, a new major roadway, and parks and trails.
Georgetown City Council agreed to the development of the MUD and set a list of obligations for the city and developer Sept. 24.
Parkside on the River includes 1,148 acres located between SH 29 and RM 2243 and 62 acres located on the south side of RM 2243 for a total of 1,210 acres. The developer—Hanna/Magee—will build single-family homes, multifamily units, commercial space and a homeowners association park, according to the agreement.
The developer is also obligated to leave a tract of land for a future Georgetown ISD school as well as a fire station, the agreement said.
“We’re passionate about developing high-quality residential communities with a high level of amenities, open space, trails, landscaping and diverse housing projects,” Hanna/Magee President Blake Magee said.
The agreement also obligates the developers to the construction of Parkside Parkway, a four-lane road from RM 2243 to a bridge that crosses the San Gabriel River; the construction of said bridge and the construction of Parkway B roadway within the Parkside development with a 6-foot trail running along the entire road, the agreement said.
The developers will also build trails that will eventually reach Garey Park, located at 6450 RM 2243, Georgetown, and will donate parks within the property to the city, Georgetown Assistant City Manager Wayne Reed said.
In return, the city will provide water and wastewater services through Georgetown Utility Systems as well as reimbursements up to $3.85 million for the design and construction of a water transmission line that runs through the property and connects to the city’s water services, Reed said.
Reed added that the approved agreement is also reflective of the city’s recent code updates, including a higher standard for tree preservation and the city’s unified development code for infrastructure and design.
“This Parkside agreement obligates the development to have quality architecture to ensure those homes have the same quality as those in the city,” Reed said.