trailhead_development_agreement.pdf
SMC Development, LLC will develop $80 Million project
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Description
The City of Aubrey, Texas and SMC Development, LLC have entered into a Trailhead Development Agreement for the development of approximately 186.78 acres of real property located in the extraterritorial jurisdiction of the City. The Developer estimates that the cost of the Authorized Improvements will be approximately Sixty Four Million and 00/100 Dollars ($64,000,000.00) and the City will consider the issuance of PID Bonds estimated to be a total maximum of up to EIGHTY MILLION and 00/100 DOLLARS ($80,000,000.00). The term of this Agreement shall be for a period of forty (40) years after the Effective Date.
Contract Details
Contract Amount
$80,000,000.00
Vendor
SMC DEVELOPMENT
Agency
Ribbonwood Mud 1 Of Denton County, TX
Contract Type
Development
Document Date
January 1, 2025
Contract Term
40 years
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approvedcity-of-aubrey-city-council-meeting-agenda-september-25-2025_d3a.pdf
pendingcity_council_meeting_minutes_september_25_2025.pdf
pendingcity-of-aubrey-trailhead-development-agreement_546.pdf
approvedMore from Ribbonwood Mud 1 Of Denton County
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city_council_meeting_staff_report_october_2025.pdf
city_council_meeting_staff_report_water_line_bid_a.pdf
city_of_aubrey_resolution_1029_25_annexation.pdf
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