Plans for super Waxahachie development progresses
By 02/08/2007 00:00:00
City Council closer to decision on Easthaven
WAXAHACHIE - The Waxahachie City Council took another step towards making a decision on the Easthaven Village Development, situated just east of East Haven Road.
The Ellis County Commissioners Court asked all fresh water supply district developers seeking the court's approval to get approval from the neighboring cities and school districts before presenting their plans to the court.
The Waxahachie council stated in its handout literature this development would be financed as a fresh water supply district, which is a funding mechanism approved by the legislature allowing developers to issue bonds for improvements within the special taxing district.
The developers would be reimbursed through property taxes collected by future property owners and the bonds would be issued to fund the improvements.
Generally the taxes incurred by the property owners were higher than most, according to officials. Developer James Moon said, 'We believe home buyers are willing to pay extra costs if it means they will receive added benefits that we plan to offer.' The project was expected to cost between $800 - $900 million after it was fully completed and would feature an 18-hole golf course, two school sites, a community center, children's playground and splash parks. Moon went on to say, 'Waxahachie gives a country-type feel to life, but this development will have city-type amenities.'
This project has been in the meeting stages for almost a year and City Attorney Terry Morgan told the council during a special work session the business side of the development was basically completed, but both sides were still negotiating possible repercussions if one side did not fulfill their side of the final agreement.
Easthaven's legal counsel Clay Crawford said, 'One thing that we see is that once the agreement is approved by the city, the council wants to see something happen.'
Moon told the council within 36 months of the project's approval, the first families should be moving in and holding barbecues in their new backyards.