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HomeMy WebLinkAbout06/25/1996 City Council MINUTES OF THE CITY COUNCIL MEETING HELD ON JUNE 25, 1996 The Joint Work Session of the City Council, Planning and Zoning Commission and Economic Development Board of Directors of the City of The Colony, Texas was called to order at 6:30 p.m. on the 25th day of June, 1996 at City Hall with the following roll call: William Manning, Mayor Absent Bill Longo, Councilmember Present Mary Watts, Councilmember and EDC Member Present David Stanwick, Councilmember Present Wilma Avey, Councilmember Present John Dillard, Mayor Pro-tem and EDC Member Present Dave Kovatch, Councilmember Present and with six present, a quorum was established. Also present were the following members of the Planning and Zoning Commission and the EDC Board: Steve Swerdloff, Chairman, P&Z Joe Agncw, Member, P&Z Barbara Crocker, Member, P&Z Gloria Rudell, Member, P&Z DeVille Hubbard, Member, P&Z Brian Baker, Member, P&Z Ronnie Fischer, Member, EDC 1. RECEIVE PRESENTATION FROM MATFHEWS SOUTHWEST REGARDING THE WYNNEWOOD PENINSULA DEVELOPMENT PROJECT Johnny Smith, City Manager, said Matthews Southwest had made a presentation to the EDC Board last week and now they would like to bring the Council and P&Z up-to-date with their plans for the development of Wynnewood Peninsula. Tim House with Matthews Southwest gave a presentation for development of the approximately 600 acres on Wyrmewood Peninsula. He said the purpose tonight is to: 1. Present what they want to do and explain how it will be good for the City and the developer. 2. Explain how the golf project may be closer than it has ever been before to becoming reality. 3. Discuss why everyone should work together to accomplish this development. Also present with Mr. House were Truman Edminster, Carter & Burgess Engineers, David Leininger, Club Corps (moving to Economics Research Associates), Robert Stone, Matthews Southwest, and John Polster, Innovative Transportation Solutions. Mr. House said the development will be made up of high quality residences. The 2 golf course will start with 18 or 36 holes but there is room for a maximum of at 54 or 72 holes, which will probably be built in the future. The original course will be designed so that it can be expanded. The Club House will be built not only to serve the golfers, but the City can use it as a meeting facility. Future plans include a hotel/conference center. There is a bridge shown on the county's thoroughfare plan across the water from Wynnewood Peninsula which would give easy access to and from State Highway 121. John Polster gave an overview of the traffic projections in this area through the year 2010. He said the county is very interested in this project and is willing to support it. Tim House said he has visited with Fire Chief Van Morrison briefly and stated they plan to incorporate a site for a public safety facility in their plans. David Leininger said he is familiar with the property and aware of the previous attempts to get a golf course completed. He handed out information which explained financing options, pitfalls and actions that need to be taken to accomplish a golf course. He said this is very definitely a resort type site and a "destination" site. Mr. House continued stating that the city's financial advisor, Boyd London, with First Southwest, suggested that Matthews Southwest create a Public Investment District (PID) on the property which would facilitate the financing of the golf course. Mr. House said they are willing to pursue this avenue but stated they need the city's cooperation. He said they would like to complete the process by August. Continuing, Mr. House said Matthews Southwest and the city have had an informal agreement for over a year, but now it is time to enter into a non-circumvention agreement which would state that the City would not work with anyone else on this project. He said they will need the city's support when they go to the other entities involved. Mr. Polster said that Denton County has agreed to submit the bridge to TxDOT on a program assessment and that they (county) are very interested in this total project. There followed general discussion regarding financing options, plans for the area, type of homes, time frames, leases with the Corps of Engineers, etc. Mr. Smith advised that it is crucial that the city get the leases with the Corps amended and stated that is in progress now. He said he will attempt to get the term of the lease on Wynnewood extended to at least 30 or more years. Mayor Pro-tem Dillard said he is very excited about this project and will support it. With no further business to address the meeting was adjourned at 8:00 p.m. APPROVED: ohn Dillard, Mayor Pro-tern ATrEST: Patti A. Hicks,TRMC, City Secretary 3