Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute an Annexation Facilities and Developer Participation Agreement with Provident Realty Acquisitions III LLC Related to the Annexation and Infrastructure Improvements Associated with an Industrial Warehouse Project on Approximately 61.922 Acres Generally Located East of State Highway 5 and South of State Highway 121
Summary
COUNCIL GOAL: Operational Excellence
(2.1: Balance available resources to accommodate the growth and maintenance needs of the city)
MEETING DATE: October 5, 2026
DEPARTMENT: Development Services / Engineering
CONTACT: Gary Graham, P.E., PTOE, Director of Engineering
Matt Richardson, P.E., Asst. Director of Engineering
RECOMMENDED CITY COUNCIL ACTION:
Staff recommends the City Council approve the proposed resolution authorizing the City Manager to execute the proposed agreement.
ITEM SUMMARY:
This Resolution authorizes an Annexation Facilities and Developer Participation Agreement with Provident Realty Acquisitions III LLC for approximately 62 acres located east of State Highway 5 and south of State Highway 121.
The agreement establishes requirements for annexation and development of the property and provides for construction of roadway, water, and wastewater improvements necessary to serve the development and the surrounding area.
The agreement provides for City participation up to to 30% of eligible public infrastructure costs, less a credit for initial water and wastewater system maintenance activities, in an amount not to exceed $6,000,000.
BACKGROUND INFORMATION:
Provident owns or will own approximately 62 acres located east of State Highway 5 and south of State Highway 121. The property is currently located within the City of McKinney’s extraterritorial jurisdiction (ETJ), and Provident has requested voluntary annexation into the City. Under the agreement, Provident is required to complete annexation and zoning of the property by January...
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