Title
Approving an ordinance on second reading with the caption: An ordinance of the City of Pflugerville, Texas, approving the enlargement of the boundaries and the extension of the term of “Reinvestment Zone Number 1, City of Pflugerville, Texas”; repealing all ordinances or parts of ordinances in conflict herewith; providing a severability clause; providing a savings clause; finding and determining that the meeting at which the ordinance is passed are open to the public as required by law; and providing an effective date.
Summary
The Fourth Amendment proposes to expand the Zone boundaries by an additional 2,095 acres to include properties along the SH 45 and Downtown/Pecan Street corridors and extend the life of the Original Zone to 2052. (The Original Zone was set to expire in 2041.) The life extension applies to the Original Zone (Falcon Pointe) and expanded zone boundary, as proposed in this Fourth Amendment. The Fourth Amendment does not impact the Pecan District, which was annexed into the Zone as part of the Second Amendment in 2018, which shall expire in 2058.
The purpose of the boundary expansion is to support new development and reinvestment along the Downtown/Pecan Street and SH 45 corridors through the use of a combination of tools and initiatives, including a Reinvestment Zone. The Downtown/Pecan Street corridor includes the commercial portions of Downtown, which is the historic center of the community, as well as surrounding vacant properties or properties that could potentially redevelop over time. While infrastructure is available in the Downtown core, it will continue to become outdated and/or inadequate to support new and/or desired types of development. Additionally, mobility and safety improvements, including those related to the pedestrian and roadway systems, will be needed to enhance the viability of redevelopment and create the base public amenities necessary to support the Downtown area as a financially sustainable and market competi...
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