Marble Falls Council delays Gregg Ranch agreement

 

 

Submitted by highlander1 on

by Alexandria Randolph

Meeting on Tuesday, Oct. 21, Marble Falls City Council tabled consideration of two agreements related to the development of a 300-acre subdivision just south of the US 281 intersection with TX 71.

In a unanimous vote during Tuesday’s meeting, Oct. 21, councilmen granted a two-week extension to Harvard Investments Inc. as they finalize their end of developmental agreements for a parcel of land within the city’s extraterritorial jurisdiction.

“There are a lot of moving parts to get these two development agreements to line up,” said Ty Embrey, attorney with Lloyd Gosselink Attorneys at Law.

Broker Doug Moss of Moss Real Estate Partners said his client, Harvard Investments, feels the tract, currently known as the Gregg Ranch, is an ideal tract as far as the development they have in mind – a subdivision with 830 home sites. “They’ve worked in and around Austin for many years,” Moss said.

To close the sale of the property it plans to develop as a subdivision, Harvard Investments only awaits the city's approval of the development agreements.

For the full story, see Friday's Highlander.

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