The Kerrville City Council will convene on Tuesday night for the last regular meeting before Election Day 2019. Several items on the agenda pertain to the planned development along Loop 534 and the extension of Olympic Drive to facilitate the construction of the new Peterson Middle School campus planned by Kerrville Independent School District.
A portion of 35 acres will be considered for annexation into the city limits. The property’s proposed zoning is “PI” or Public & Institutional District.
The council will also consider a funding agreement with the EIC. Under the proposed agreement, KISD would pay for approximately 50% of the costs of extending Olympic Drive to Loop 534, and the district would also pay for approximately 75-80% of the costs of the utility extensions. The EIC portion would be approximately $1.05 million. The EIC approved this agreement on April 15. The funds would come from 4B sales tax revenue, which is mandated by state law to be used for economic development projects such as this.
An interlocal agreement between KISD and the City will also be considered to help facilitate the project. In November, KISD voters approved a bond issue of roughly $89 million for the construction of Peterson Middle School as well as for improvements to other campuses within the district. That bond election passed with a 65%-35% margin.
Engineers estimate the total cost of the Olympic Drive extension to be $2 million and the sanitary sewer extension to be $234,000.
The full agenda and packet for Tuesday night’s meeting can be downloaded here: