The setup
City Council previously passed a development agreement with Limmer Holdings for the planned site in April.
Preliminary site plans show a mix of residential, commercial and open space at the intersection of SH 130 and Limmer Loop, which includes:
- 205 units of 40-foot single-family lots
- 220 units of townhomes
- 300 units of multifamily residential
- 60,000 square feet of commercial space
The update
City Council held public hearings for both the PID creation and voluntarily annexing the land at both its May 15 and June 5 meeting, but adjourned the votes until June 26. These items help execute the development agreement.
Formerly in the city’s extraterritorial jurisdiction, the city will collect wastewater and trash fees, as well as property taxes, on the now annexed land.
City Council also approved an amendment to the development agreement, which includes dedicating a portion of the land to the city. The strip of land will help the city to coordinate with the county for the expansion of Limmer Loop in the future.
One more thing
The same land was previously planned for a development called Pearl Estates. Limmer Holdings first brought the development to City Council to create a municipal utility district.