August |
- On August 15, 2024, the Colony Park Sustainable Community Development Agreement was signed, with CDC Colony Park Holdings, LP, an affiliate of Catellus Development Corporation (Catellus). This agreement paves the way for the development of 208-acres of City-owned land as a master-planned community, including essential services, public amenities, and diverse housing options.
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July |
- On July 29, 2024, a Celebratory event in anticipation of the signing of the Development Agreement and the approval of a financing plan was held at the Turner Robert’s Recreation Center. A proclamation was read by City Manager T.C. Broadnax, proclaiming this day as Colony Park Sustainable Community Day.
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July |
- On July 18, 2024, City Council approved an ordinance Ordinance NO. 20240718-104 establishing a Tax Increment Reinvestment Zone (TIRZ) for the City-owned property and approved a project and financing plan. This action aims to encourage economic development and provide a means of financing the costs of public works, public improvements, programs, and other projects benefiting the TIRZ.
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May |
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On May 30, 2024, Council approved Ordinance 20240530-160, amending the Fiscal Year 2023-2024 Economic Development Department Operating Budget Economic Development Fund (Ordinance No. 20230816-008) to increase appropriations by $500,000 for delivery of the Colony Park Sustainable Community.
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May |
- On May 30, 2024, Council approved Ordinance 20240530-161, authorizing the negotiation and execution of a principal license agreement with Catellus Development Corporation. An ordinance waiving certain requirements of City Code Chapter 14-11 (Use of Right of Way) as it relates to the grant of licenses to use public right of way, was also approved.
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May |
- On May 30, 2024, Council approved Ordinance 20240530-162, authorizing the negotiation and execution of a fiscal posting credit bank agreement with Catellus Development Corporation. An ordinance waiving City Code Section 25-1-112 (Fiscal Security), was also approved.
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May |
- On May 30, 2024, Council approved a resolution authorizing an amendment to the restrictive covenant recorded in the Real Property Records of Travis County, Texas, in Volume 7352, Page 171 to remove certain density restrictions applicable to the development of the Colony Park Sustainable Community.
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May |
- On May 30, 2024, Council authorized negotiation and execution of a comprehensive development agreement and all documents and instruments necessary or desirable with Catellus Development Corporation d/b/a/ CDC Colony Park holdings, L.P. (Catellus) for the development of 208 acres of city-owned land located at 7900 Loyola Lane, known as the Colony Park Sustainable Community, and authorize the expenditure of an additional $2,800,000 to reimburse Catellus for a portion of its pre-development services costs for a total reimbursement of $3,300,000.
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May |
- On May 30, 2024, A public hearing was set for July 18, 2024 to consider an ordinance amending Ordinance No. 20221103-004 related to Tax Increment Reinvestment Zone No. 20 to allow approval of the final financing plan and related matters.
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