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Another important milestone in the redevelopment of Downtown passed this week when City Council voted to approve the transfer of unimproved city right of way, along with a portion of Avenue H to the Marble Falls Economic Development Corporation (MFEDC).
“The EDC has supported many City initiatives over the last several years, including major infrastructure projects, the Westside Park Community Hall and hike and bike trails just to name a few. This is a fantastic opportunity to partner with them on a project of theirs that will have a major impact on our local businesses and help start a revitalization in Downtown.” – Mike Hodge, City Manager
While the City already owned the unimproved tracts of land, the Avenue H property was transferred to the City from TxDOT earlier this year at no cost to the City. That agreement entailed the relocation of the Lakeside Park boat ramp. The City has collected usage data and is currently working with TxDOT and Council on the best option based on the needs of our community.
The other side of this exchange is the commitment by the MFEDC in contributing thousands of dollars in public improvements for the Downtown area in the upcoming fiscal year. The MFEDC will be funding utility upgrades including sewer line improvements valued at $79,000, engineering fees totaling $140,000, and a $100,000 contribution to debt service payments for the many park improvements planned for Downtown as part of the Park, Recreation and Open Space Master Plan adopted by Council earlier this year.
“The exchange is one small piece of the puzzle that is moving us forward and facilitating the transformation of our Downtown. We are very excited about where we are headed and what the community can expect to see with all of the lakeside and Downtown enhancements about to get underway.” - John Packer, Mayor