City of Brownwood Approves $300,000 Incentive to Leeco for Retail Development
Brownwood City Council approved granting a $300,000 infrastructure incentive to Leeco for retail development at Tuesday's council meeting.
According to Brownwood City Attorney Pat Chesser, the council approved the incentives (after meeting in executive session) to develop two retail pad sites, upon which two restaurants will locate, and the development of a retail strip center with approximately 18,000 square feet of retail space.
The location of the shopping center is adjacent to United Supermarket in the 400 block of E. Commerce in Brownwood, the previous location of the Value Lodge.
Brownwood Mayor Stephen Haynes announced at the Brownwood Chamber of Commerce luncheon held in June of this year that McAlister’s Deli will open a new location in Brownwood in the first quarter of 2016. The Value Lodge was recently demolished and the approval of the incentives marks a step closer to the construction beginning.
In other matters on Tuesday’s city council agenda:
*Council held a public hearing on a proposal to increase the total tax revenues from properties on the tax roll by 3.88% by adopting the proposed tax rate of $.7463 per $100 value. This is regarding the effective tax rate, in terms of the city’s total tax revenues. Mayor Stephen Haynes pointed out that the city’s tax rate will not increase; it will in fact remain unchanged. The tax rate will be considered for adoption on first reading on September 15th meeting and on second and third/final readings on September 18th.