City of Glenn Heights Agenda Packet 2026-06-02
$2 Million Incentive Pact Seals Land Deal with D.R. Horton
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Description
Glenn Heights approved a Chapter 380 Economic Development Incentive Agreement with D.R. Horton – Texas, Ltd., providing up to $2 million in impact fee waivers over 15 years in exchange for 9.526 acres of land for public purposes. This supports future economic growth and a new water tower project.
Contract Details
Contract Amount
Not to exceed $2,000,000 (impact fee waivers over 15 years); property acquisition: 9.526 acres
Vendor
D.R. HORTON – TEXAS LTD
Agency
City of Glenn Heights city, TX
Contract Type
OTHER
Document Date
June 2, 2026
Contract Term
Fifteen (15) years
Renewal Date
2041-06-02
Renewal Info
15-year term for fee waivers, up to $2,000,000; agreement effective June 2, 2026, through June 2, 2041, unless extended or otherwise amended per agreement terms.
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