Growth Continues

The City Council has approved a development agreement with the owners of Parkside on the River, a development within the City's ETJ West of I35, South of SH29 and North of Leander Road. Here is a location map:

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Since the development lies outside the city limits, the City has limited ability to control development. So as a means of exerting some control, the City has signed a development agreement to provide city services in return for adherence to City requirements.

1. Quality Development. The development meets or exceeds the intent of the development, infrastructure, and design standards of City codes;

2. Extraordinary Benefits. The development provides extraordinary public benefits that advance the vision and goals of the Comprehensive Plan, such as, but not limited to, extension, financial contribution, and/or enhancement of master planned infrastructure, diversity of housing, and enhanced parks, trails, open space, and recreational amenities that are available to the public;

3. Enhance Public Service and Safety. The development enhances public services and optimizes service delivery through its design, dedication of sites, connectivity, and other features.

4. City Exclusive Provider. The development further promotes the City as the exclusive provider of water, sewer, solid waste, and electric utilities;

5. Fiscally Responsible. The development is financially feasible, doesn’t impair the City’s ability to provide municipal services, and would not impose a financial burden on the citizens of Georgetown in the event of annexation;

6. Finance Plan. The developer(s) contributes financially to cover a portion of infrastructure expenses without reimbursement by the MUD or the City and as reflected in conditions placed on the issuance of bonds by the district;

7. Annexation. The development will not impair the City’s future annexation of the MUD or adjacent property or impose costs not mutually agreed upon.

The Water Oak development on SH29 connects with the Parkside development as shown in the next two illustrations.

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Both Water Oak and Parkside are in MUD #25 and the City will provide water and electric services through contracts with the MUD.

Finally, the following chart shows the kinds of development envisioned for the site.

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2500  new single family homes with multi-family dwellings and commercial development along Leander Road.