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’s being called the Uptown development in Plum Creek would be waived. The city would only be responsible for roughly $2 million in other infrastructure related costs and fees.