Title
Public Hearing: Arborside Land Clearance for Redevelopment Authority (LCRA) Redevelopment Plan; Land Reserve, Inc., Applicant
Body
Issue/Request:
This is a public hearing for the City Council to consider the Arborside Land Clearance for Redevelopment Authority (LCRA) Redevelopment Plan to fund the primary public infrastructure improvements which will serve the northern approximately 1000 acres of property owned by Land Reserve in the northern part of the City, east of I-470.
Key Issues:
Long-term land-use planning and infrastructure funding for the northern approximately 1000 acres of the Land Reserve property in the northern part of the City.
Background:
On March 26, 2024, the City Council heard a presentation from City staff and representatives of Land Reserve, Inc., a Utah corporation (“Land Reserve”), regarding the development of approximately 4,203 acres of property within the City (collectively the “Property”). Land Reserve is under contract to purchase certain portions of the Property and anticipates purchasing the balance of the Property over time; after purchasing any portion of the Property, Land Reserve intends to sell such portions of the Property to third parties for usage and development.
The City Council approved Ordinance No. 9888 on April 9, 2024, which led to the execution of the Memorandum of Understanding between Suburban Land Reserve, Inc., and the City (the “MOU”). The purpose of the MOU is to coordinate for the planning, platting and zoning for development of the Property and the establishment of a funding plan for the construction of public infrastructure to serve development of the Property, as well as the attraction and inducement of certain private development to the Property. The Parties also seek to coordinate for the acquisition of portions of the Property for public institutional uses by the City and other governmental entities as the Property develops over time.
In August 2025, the City and Land Reserve teams prov...
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