The city of Fulshear will not move forward with a revised performance-based incentive agreement with Home Depot.
The big picture: At a Sept. 15 meeting, Fulshear City Council voted 4-3 to deny a Chapter 380 economic development agreement with Home Depot. Mayor Pro Tem Sarah Johnson and council members Richard Russell and Kimberly Bow cast the dissenting votes, meaning they supported moving forward with the agreement.
The council denied an earlier Chapter 380 agreement at an Aug. 4 meeting due to traffic concerns, Community Impact previously reported.
What’s changed: Assistant City Manager Kelsee Lee said since Aug. 4, Home Depot has lowered the incentive agreement cap from $2 million to $950,000 and completed a traffic impact statement.
Lee said a traffic impact statement is based on studies by other entities, such as the Texas Department of Transportation, when FM 1093 and FM 1463 were constructed. However, the statement does not take into account traffic counts after construction to establish new base levels.