Montgomery City Council has approved a $4.8 million infrastructure agreement with BCS Capital Development to support a significant mixed-use project near Hwy. 105, aiming to enhance growth and livability.
The Montgomery City Council unanimously approved a memorandum of understanding (MOU) with BCS Capital Development for a mixed-use project that includes significant public infrastructure enhancements at its meeting on April 8.
The 32.72-acre development is behind Home Depot, at the intersection of Lone Star Parkway and Hwy. 105. The MOU delineates a cost-sharing agreement between the city and the developer to finance water and sewer extensions, roadway upgrades, and prospective landscaping improvements.
The city has agreed to reimburse the developer up to $4.8 million. A combination of sales tax revenue, ad valorem taxes, and potential grants could provide the funding. The city emphasized that reimbursements would be limited to infrastructure construction costs, and no additional compensation would be made beyond those expenses.
As stated in the project summary, sewer system modifications will be completed near Pump Station No. 12 to support future phases of development, and water utility extensions will be constructed from Lone Star Parkway to CB Stewart Drive to increase water flow and pressure.
Aesthetic improvements and road connections are also included in the proposal.
As confirmed by city engineer Chris Roznovsky, the city will not assume ownership of the detention reservoir associated with the project. Additionally, the council recognized the necessity of rezoning approximately 13 to 14.5 acres of the site's northern portion from commercial to multifamily use in the future, in addition to the infrastructure considerations.
Council member Cheryl Fox underscored that the development's landscaping obligations will enhance the quality of life in the region. Mayor Sara Countryman reiterated this sentiment and highlighted the significance of upholding high standards for development features. She stated, "Landscaping should actually be called landscaping."
The city views the initiative as a chance to improve public infrastructure in a growing corridor of Montgomery and promote smart growth.
