Item 38 — Thursday, May 21, 2026

Current official agenda wording

Authorize the negotiation and execution of a 45-year development agreement for approximately 2,614 acres located in the City’s extraterritorial jurisdiction bounded by the Colorado River, US Highway 183, and State Highway 130, in the area generally known as “Dog's Head”, that establishes allowable land uses, trail and open space requirements, development regulations, including impervious cover requirements, water quality requirements, drainage and floodplain requirements, and site development standards for a mixed-use development; includes the property owner’s consent to annexation under certain conditions; delays the requirement to pay temporary use of right-of-way fees; includes provisions for income-restricted housing; and establishes the parties’ expectations related to proposed changes to the Austin Strategic Mobility Plan (ASMP), the creation of a regulating plan, the creation of a tax increment reinvestment zone (TIRZ), and the creation of a local government corporation that would manage and implement the TIRZ.