The details
WGA, a Houston-based civil engineering firm, studied a 50.8-acre tract along Hwy. 105 west of Shepperd Street proposed to be a development called the Villages of Montgomery.
The study found the city will have the water capacity to serve the development for “the next few years,” but $879,111 in water capacity improvements will be needed for the fully built-out proposal, according to the agenda packet.
The assessed valuation of the development at full build-out is $22 million, which would bring the city $83,600 in annual tax revenue, according to the agenda packet.
The planned development will include:
- 98 single-family residential lots
- Three acres of commercial tracts
- 13.5 acres of mixed-use pads and detention ponds
WGA also studied Mia Lago Reserve, a proposed 73.7-acre single-family residential development.
The study found that after Montgomery completes Water Plant No. 2 improvements, the city will have the water capacity to serve the development for the next few years, but “additional water capacity will be needed to serve all existing and proposed developments at full build-out,” according to the agenda packet.
The total estimated costs for the development will be $385,056, according to the agenda packet.
According to the agenda packet, the assessed valuation of the development is $46 million, or $650,000 per home, and would bring the city $174,800 in total estimated annual tax revenue.
