A proposed development that looks to blend high-end shopping with luxury apartments is looking to take another step forward.

New Braunfels City Council members this week approved items connected with an improvement district for the Solms Landing project, a 98-acre development adjacent to the Creekside shopping area, that’s looking to add additional shopping, national and local restaurants, luxury apartments and homes and a variety of greenspace and parks.

Texas cities and counties approve public improvement districts and issue bonds to fund private developments that include infrastructure benefiting the public, like streets, buildings, drainage, water and wastewater facilities and parks, repaid through taxable assessments within that district. 

Nearly all infrastructure has been completed in the initial phase of development and the first set of single-family homes are under construction. 

The levying of the assessments would allow for a future bond issuance of around $8.98 million to support the public improvements that have been built. The debt would be paid exclusively from residential and commercial property owners that are within the development.

Developer James Mahan told council members in May that the development is neither using nor seeking public money.

“Our vision that we have worked with the city tirelessly over the last three years has been a comprehensive mixed-use development that will include a number of for-sale residential products,” Mahan said. 

Mahan said the development would include a “more affordable living component” and a variety of commercial and retail options.

“Our goal has been to not add to the traffic problem but to help it, so we have put in a minor collector road that will hopefully alleviate some of the traffic at Creekside,” he said. “The way our development has been planned is to hopefully encourage walkability. We have a hike and bike trail throughout the development. So a lot of the concerns that the citizens are concerned about are hopefully being addressed in our development.”

There is no direct financial impact to the city from the establishment of the district. Costs incurred from administering the district will also be covered from assessments.

The public hearing and second reading on the assessment plan ordinance, expected on Nov. 8, will take place on the date of the bond sale when the assessment roll and service and agreement plan are finalized.

Council members are also expected to consider an ordinance authorizing the bond issuance at the Nov. 8 meeting.

In a related item, council members authorized the distribution of a preliminary limited offering memorandum, a document that includes information pertaining to the Solms Landing development, the New Braunfels economy and adjacent developments and serves as the primary resource to the underwriter, FMS Bonds, in marketing the district’s bonds to investors.

The third item approved by council members authorizes the mayor to execute a financing and reimbursement agreement between the city and Solms Landing. The agreement outlines the procedures, limitations and any other information pertaining to the process for reimbursing the developer, from the bonds, for eligible public infrastructure costs.

The Solms Landing Public Improvement District was created on Jan. 14, 2019, the city’s first such district.

Council members in May approved a reimbursement agreement with Solms Landing Development LLC and extended the dissolution of the improvement district by two years to Jan. 14, 2023.

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(4) comments

Richard Johnson

New Braunfels needs to grow. That being said, more at Creekside, no. There is a whole lot of people that live on the west side of the Guadalupe river, with the only access being I35, or the frontage road. That path is extremely over crowded. Southerly access crossing the river needs to happen first, and there are no plans to do that. Crossing at Klein Rd, or at County Line should be a first priority, or a shopping area similar to Creekside on the west side of the river needs to happen, not more crowding and traffic nightmares there at Creekside.

Rey Acevedo

WALK DON'T RUN TO ALLEVIATE MOTOR VEHICLE AUTOMOBLIE TRAFFIC. THE PROBLEM WITH CURRENT AUTO-TRAFFIC IS ABOUT CARELESS AND DISRESPECTFUL DRIVERS. MORE ROADS WILL NOT TAKE CARE OF THE ROADRAGE(FIRST HAND VICTIM), MOTORCYCLIST DOING WHEELIES ON COMMON STREET, SPEEDING ON COMMON STREET, VEHICLE/PEDISTRIAN ACCIDENT ON COMMON STREET DURING OUR COMAL COUNTY FAIR, TO NAME SOME OF THE MISHAPS AND ILLEGAL EVENTS OF THIS YEAR ALONE! SIMPLE REMEDY FOR DRIVING INSIDE THE LOOP WILLCURTAIL THE AFFOREMENTIONED. TRAFFIC LIGHT AT COMMON AND GRANT STREET, AND AT COMMON AND PEACE AVE. LEADING TO THE V.F.W., CYPRESS BEND PARK AND MOST IMPORTANTLY OUR FOUR CEMETARIES AND MUSOLEUM THAT CAN BE VIEWED FROM OUR PUBLIC LIBRARY. I AGREE WITH MR. JOHNSON, ELLEVIATE THE TRAFFIC PROBLEMS, BUT NOT MORE ROADS TO ALLOW MORE TRAFFIC IN OUR OVERBURDENED COMAL TOWN AREA. OR THE MAIN PLAZA. WE HAVE TO CONTROL THE AUTO-TRAFFIC INSIDE OUR HALF-LOOP. YOU DO THAT BY LIMITING TRAFFIC INTO NEW BRAUNFELS BY PACING THAT TRAFFIC. HWY 46 COMING FROM SEGUIN IS A PRIME EXAMPLE OF DISRESPECTFUL DRIVERS. THEY BLOCK ALL SIDE STREETS KEEPING RESIDENTS FROM GETTING ON HWY 46. ALVES LANE AND DOLLAR DR. AS WE KNOW SEMI TRUCKS TAKE UP TWO CAR LENGTHS. WE NEED THEM, BUT WE DO NOT NEED FOR SMALLER VEHICLES TO BLOCK OUR CITIES RESIDENTIAL SIDE STREETS. THERE ARE MORE THAN 50 RESIDENTIAL HOMES, HALF OF THE STREET IS A MOBILE HOME PARK AND THE OTHER SIDE OF THE STREET ARE HOMEOWNERS, DIDN'T KNOW THAT DID YOU?

I AM A LIFELONG RESIDENT OF NEW BRAUNFLES. WHAT HAPPENED TO "NEW BRAUNFELS-THE BEAUTY SPOT OF TEXAS!" MOTTO? REY ACEVEDO-LOCAL LOCO.

Rey Acevedo

WRECKS ON THE CORNER OF COMMON STREET AND GRANT STREET ARE TOO OFTEN. DRAG RACING AFTER MIDNIGHT CAN KILL WILDLIFE. WE HAVE OVER 2-DOZEN 6 POINT BUCKS THAT GRAZE AND SETTLE DOWN FOR THE NIGHT IN THAT AREA. GO TO THE CEMETARIES AT NIGHT AND SEE THAT FOR YOURSELF. REY ACEVEDO-LOCAL LOCO

FED UP WITH OUTSIDERS TELLING INSIDERS HOW TO ENJOY NEW BRAUNFELS. OBEY THE LAWS. ROAD RAGE VICTIM. STOP IT. COMMON STREET IS A 30 MPH STREET. RESIDENTS CAN'T PARK IN FRONT OF THEIR HOMES ON COMMON STREET. EMS OR FIRE TRUCKS CAN'T EITHER! IT IS DANGEROUS FOR BICYCLIST AND RUNNERS TO USE COMMON STREET. IT IS ALSO DANGEROUS FOR OUR MAIL DELIVERY SERVICE TO DO THEIR JOB ON COMMON STREET. I AGREE WITH MR. JOHNSON ABOUT TRAFFIC ISSUES. CURB IT! (NO PUN INTENDED)

Rey Acevedo

when EMS and other emergency vehicles have to use Common Street on a daily basis and regular traffic is flying by, it is a miracle that more accidents are not created because of careless drivers. This area of Comal Town is residential and therefore the speed limit is 30mph. Read your handbook.

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