Those items were discussed and voted on during Lewisville City Council's meetings last month.
What happened
Council approved an economic development agreement May 20 for a 251-unit, four-story multifamily residential community at 1910 and 1914 E. SH 121 Business.
The property is being used by North Texas Auto Recyclers and Hi-Way Auto Parts II.
Council previously approved a zone change on Oct. 2 from light industrial to planned development multifamily.
As part of the economic development agreement, the developer could get a total of more than $1 million.
- A one-time grant equal to 100% of the capital recovery fees for water and sanitary sewer paid to the city—an estimated $146,410
- A waiver of 100% of all fees collected at the time of building permit—estimated at $65,347
- A waiver of all park fees associated with the construction of the units—estimated at $841,900
- An annual grant equal to 100% of the property taxes paid to the city on real property improvements not to exceed $617,079—up to $198,000 for environmental remediation and $419,079 for underground detention
Upon completion, the proposed improvements are expected to generate a taxable value of approximately $49.4 million, resulting in an estimated annual real property tax revenue of $207,000 for the city, according to documents.
Also of note
The city received notice from the State of Texas Office of Governor’s Homeland Security Grant Division it received a grant for $139,484.43.
According to documents, the Urban Area Security Initiative grant program is to support local efforts to prepare for threats in voting. The money will be used to purchase security camera trailers.
In addition, the city will be able to use these trailers at special events or outdoor areas where situation awareness would enhance public safety, according to the presentation in the May 6 meeting.
Since the grant was not budgeted in the fiscal year 2023-24 budget, an amendment was made by council.
Also on the agenda
During the May 6 meeting, council approved a contract with Brandstetter Carroll Inc. for conceptual design and opinion on the probable cost of the Kealy Complex remodel and replacement master plan at the Steven L. Bacchus Public Services Center.
The contract is for $115,000.
A facility needs assessment in 2019 recommended the construction of the new Fleet and Facilities Maintenance Building, a new Public Safety Complex, and renovations of the Herring Recreational Center and the Municipal Annex.
Parkhill identified existing and future facility needs for staff workspace and other city operations during the report, according to city documents.
