2 new residential developments seek Georgetown annexation for over 4,000 homes

Plans include:

• 17.2 acres of private amenities
• Neighborhood trails
• An extension of the Berry Creek Regional Trail
• 5 acres for a future Georgetown ISD elementary school

Developer Freehold Capital Management requested that about 700 homes, or about 32% of the lots, be age-restricted. Because this is higher than the city's development standards policy maximum of 10%, council members must grant special approval for it to move forward.

Rock Bluff Ranch proposed a maximum MUD tax rate of $0.65 per $100 of assessed value, higher than the city’s MUD policy requirement of $0.55 per $100.

What else?

South of the proposed Rock Bluff Ranch sits the Yearwood MUD, located at the intersection of Rattlesnake Road and Ronald Reagan Boulevard. The location is currently an active quarry site designated for mining.

Following an initial proposal to council members in February, Freehold Capital Management reduced the maximum MUD tax rate from $0.75 per $100 down to $0.65 per $100, and withdrew a request to phase in wastewater impact fees.

In response to density concerns, the developers removed the two smallest lot options, which reduced the house count to 1,728. Freehold Capital Management also removed a request to increase the number of age-restricted homes.

Plans for the Yearwood development include:

• 7 acres of natural lakes
• 12.2 acres of public parkland
• Trails running along Berry Creek
• 7-acre parcel dedicated to the city for public safety response needs
• Improvements to Rattlesnake Road and Ronald Reagan Boulevard

“This isn’t anything that they could have resolved today,” Woolery said. “We don’t foresee any safety issues at all.”

What they’re saying

“By us working with [the developer], they will annex into the city, pay property and sales tax, pay impact fees, and be served efficiently by our city police service,” Mayor Josh Schroeder said in a Facebook post March 27. “They will also develop at a very high standard with quality homes that will be an asset to our community.”

What’s next

City staff will bring the proposals back to council for approval of annexation and development agreements at a future meeting.