Description
Title: Proposed development agreement and future annexation of a mixed-use development of 2,614 acres in the City's extraterritorial jurisdiction bounded by the Colorado River, US Highway 183, and State Highway 130, in the area generally known as "Dog's Head”, including future creation of a tax increment reinvestment zone and local government corporation [Dr. Eric A. Johson, Assistant City Manager - City Manager’s Office].
Summary
The proposed legislation by the City of Austin involves a development agreement for a mixed-use project spanning 2,614 acres in the city's extraterritorial jurisdiction, specifically in an area known as "Dog's Head." This development is situated near the Colorado River and is bordered by US Highway 183 and State Highway 130. The legislation includes plans for future annexation and the establishment of a tax increment reinvestment zone (TIRZ) and a local government corporation. The initiative aims to promote economic growth and development in the area, impacting local residents, businesses, and the overall community by potentially enhancing public services and infrastructure. This legislation is significant as it sets the stage for future urban development and investment in the region.