The city of Lacy Lakeview is hoping to annex more than 50 undeveloped acres in Waco’s extraterritorial jurisdiction in an effort to attract development.
The city council agreed Tuesday to send an offer to the city of Waco that would allow Waco to share in any sales tax revenue generated in the area for a decade.
A landowner bought 114 acres several years back along Interstate 35 that cross the Lacy Lakeview city limit, which is adjacent to the new 17-acre, $10 million Road Ranger travel center, Lacy Lakeview City Manager Keith Bond said.
The landowner approached the city about annexing the 53 acres in an effort to get water and sewer lines on the site, Bond said. The city of Waco does not provide water or sewer lines for prospective customers in its extraterritorial jurisdiction.
Lacy Lakeview would provide the lines to serve future development, and they wouldn’t have to be extended too far since services are in place for the Road Ranger development, Bond said.
The proposal to the city of Waco would be for the city of Lacy Lakeview to annex those 53 acres and split any sales taxes from the site 50-50 for a decade starting when the first sales taxes are collected.
The move would extend Lacy Lakeview city limits to about Lincoln City Road, Bond said.
Council member Barbara Seitz suggested a shorter tax-share proposal could suffice.
Mayor Calvin Hodde said annexing the area has been discussed for more than a decade already, and if they offered anything shorter the city of Waco would “tell us to get lost.”
“If it’s not beneficial to the city of Waco, forget it,” Hodde said.
There are no buildings on the 53 acres.