More homes are on the horizon for Pilot Point, this time in the form of the Waterside Project.
The project is located between Foutch Road to the north and along FM 1385 at the west end, Community Services Director Darrell Gentry told the Pilot Point City Council on Feb. 12.
“The distinction in that roadway is that middle,” Gentry said, discussing a connecting road between major roadways. “In the middle portion of the project, the road becomes a divided highway with landscaping and so one-way flow of traffic in both directions.”
During the meeting, the council discussed the preliminary plat for the subdivision, and Gentry explained development plans to subdivide about 353.7 acres of land into 1,331 residential homes.
The development has been divided into nine phases, but the council only approved the first five.
Water services will be provided by Mustang Special Utility District.
Although the project does not include floodplain boundaries, floodplains are nearby, and these issues will be considered in storm drainage planning.
Gentry emphasized that standards must be met for the final plat to be approved.
Mayor Pro Tem Andrew Ambrosio voiced concerns about drainage and drainage standards, and Bernie Hietbrink, project director at LJA Engineering, discussed drainage management, including detention ponds.
“There’s so much detention in these ponds that we notably reduce the flows leaving the site from what is leaving the site today in developed conditions,” Hietbrink said. “So, the drainage concerns are mitigated more so, more than the impact, through the size of these detention ponds that we are showing.”
The council unanimously approved the item.
Additional plans for Maverick Farms were discussed and finalized by the City Council on Feb. 12.
That includes the Tax Increment Reinvestment Zone No. 9 project and finance plan for the Maverick Farms development.
The council also approved the next matter involving two special assessment revenue bonds for the Maverick Farms Public Improvement District, presented by Hilltop Securities Managing Director Jason Hughes.
Hughes stressed that no residents outside the bid will pay the assessment.
“ As a reminder, the bonds are secured by repayment solely from the assessments living in the Maverick Farms PID,” Hughes said. “So, no one living outside of this bid will pay that assessment or any other city revenue such as sales taxes. None of that is being used to secure or repay this debt.”
Ambrosio clarified the transfer of responsibility.
“Whoever owns the land is responsible for the assessment,” he said. “So that's why when you buy a house, the assessment goes to you for that one living flat that you own. So, if it turns over to a different developer, they are now responsible for this assessment.”
The bond amount requested for the PID was $13,813,000, with a little over $9.5 million allocated for public infrastructure reimbursement to the developer, Hughes said.
Assistant City Manager Michele Sanchez discussed a maintenance agreement between the city and the Maverick Farms HOA regarding landscaping responsibilities.
The issue arose from mutual agreements related to the bonds.
City Attorney Brenda Mc- Donald confirmed this.
“The city's interest in having an HOA is having someone, an entity that's responsible for maintaining the common areas,” she said. “And if they don't maintain the common areas, then we have recourse against the HOA for that.”
The council unanimously approved the agreement.
