The development company also requested the land be rezoned to P-1 status, as a public park, which the developers then plan to dedicate to the city as parkland for a waterfront park. The council also approved that measure.
Bill Hayes, Rough Hollow developer Legend Communities chief operating officer, said the park will have state park-like bathrooms, a greenbelt area and two parking areas.
A previous agreement between the developer and the city requires the park be completed by the end of 2022.
Council Member Louis Mastrangelo said this park is something the residents of Lakeway have been talking about since 2018, and a lot of people wanted it.
"It turned out to be a very beautiful spot," he said. "Let's put credit where credit is due. I'm not sure it would have happened this soon if [former] Mayor Sandy Cox hadn't created the PUD."
Council Member Jennifer Szimanski thanked the developer for the park.
"This is going to be a great addition that we are looking forward to," she said.
A request also was approved to annex about 16 acres the same company owns south of Tomichi Trail and east of Rough Hollow Elementary School in the ETJ into Lakeway’s city limits.
The company also requested a rezoning of the parcel to R-1, single-family residential.
The staff report noted that the rezoning would allow for the construction of detention ponds to serve the adjacent residential lots. Hayes said buildings would not be built on the land, that the zoning had to be changed because detention ponds are not allowed under GUI, or greenbelt zoning.
