Kyle
Off the hook? Kyle saves $7 million in new deal
Facing the inability to pay $9 million owed for development of Plum Creek’s second phase, Kyle leaders approved an agreement that could take the city off the hook.
The measure, approved by a 6-0 vote Oct. 17, was done as part of an addendum to a development agreement between the city of Kyle, Mountain Plum, Ltd and Plum Creek Development Partners, Ltd.
Under the agreement, roughly $7 million Kyle was to reimburse developers for building future water and wastewater infrastructure in what&rs...