$10 million reimbursement for San Marcos developer passes first of two readings

(Screenshot courtesy San Marcos)
(Screenshot courtesy San Marcos)

(Screenshot courtesy San Marcos)

On Dec. 2, San Marcos City Council voted 5-2 in the first of two readings to amend the project plan and reinvestment zone financing plan for the 1,338-acre Tax Increment Reinvestment Zone 4, also known as Kissing Tree.

The proposed changes would increase the reimbursement to the developer—Paso Robles, which is owned by Brookfield Residential—by $10 million, bringing the total to $30 million. The amended plan will also allow for the reimbursement of eligible project costs for water testing of up to $265,000 over a five-year period.


According to city documents, the city is expected to annually collect roughly $4.7 million in new sales and use tax revenue and new ad valorem tax revenue from residential and commercial development over the 33-year life span of the TIRZ.

Hays County would collect $5.2 million annually through sales tax revenue. Council Members Shane Scott and Maxfield Baker were the dissenting votes.
By Warren Brown
Warren joined Community Impact at the beginning of 2020 as the editor of its New Braunfels paper and now reports the news in San Marcos, Buda and Kyle. Warren previously wrote for the Dallas Observer and Fort Worth Weekly and he brings a passion for truth and equality to his reporting.


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