
Development News for Horizon City, Texas
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Development News from the latest meeting
Horizon City Approves 2027 Investment Policy Without Changes
The City Council reviewed and approved the city's investment policy for 2027 with no changes. The policy remains driven by state laws governing investments. The city's investment partners are Logic and UBS, managing bond proceeds, operating funds, and reserve funds.
Horizon City Suspends Texas Gas Service Rate Increase by 45 Days
The City Council approved a resolution to suspend, for 45 days, an increase in natural gas rates proposed by Texas Gas Service Company. This suspension, a right available to municipalities under the Gas Reliability Infrastructure Program (GRIP), delays the rate increase effective date until after June 23rd. During this period, the city's legal counsel and the regulatory agency will review the company's compliance with GRIP statutes.
Horizon City Considers Expanding Tax Increment Reinvestment Zone for Verdancia Development
The City Council held a first reading of an ordinance to expand the boundaries of Tax Increment Reinvestment Zone (TIRZ) Number One. The expansion, referred to as TIRZ 1A, is primarily driven by the proposed Verdancia development, which includes over 2,400 residential units and significant commercial space. The expansion aims to attract new development and facilitate investment by allowing tax increment revenues to fund public infrastructure within the expanded zone.
Horizon City to Provide Vector Control Services to Clint in 2026
The City Council authorized the Mayor to sign an interlocal agreement with the Town of Clint, Texas, for Horizon City to provide vector control services (larvae and fogging) during the 2026 calendar year. This is a continuation of a yearly service, with the compensation set at $34,697, an increase of approximately $14,000 from the previous year due to inflation and supply costs. Horizon City has the capacity to provide these services without additional equipment or staff.
Horizon City Reports Progress on Capital Improvement Projects, Infrastructure Development
Horizon City presented an update on its Capital Improvement Program (CIP), detailing ongoing projects, grant applications, and future plans. Key activities in April included awarding a bid for a 120-foot self-support tower, opening statements of qualifications for consulting services, and advancing feasibility studies for a new city engineering department. Several projects are in planning, design, construction, or close-out phases, including the Howard Lowe Pedestrian Mall, Delhi de Lake and Transit Plaza, North Darrington Road reconstruction, and Municipal Facilities Phase One.
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