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The board unanimously approved accepting a commercial property donation at 3600 E. FM 1518 North, near Orchard Park Subdivision, to guide its future economic-development use. The sloped property is in a 100-year floodplain, requires a permanent flood-map revision and retaining wall, and passed a Phase 1 environmental study. The board also reached consensus to add 18-month expiration terms to future incentive agreements, with a possible one-year extension.
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The donated land gives the Economic Development Corporation more control over whether and how the property is developed, but significant site work and floodplain approvals remain. The board discussed possible uses, including open space, and requested more information about the cost of a retaining wall. New incentive agreements are expected to expire after 18 months unless extended for one additional year.
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