Manzano Mile PID approved
A 253-plus-acre commercial/residential development is proposed for land on the east (right) side of Manzano Mile in Marble Falls. Staff photo by Dakota Morrissiey
The Marble Falls City Council on Feb. 18 approved the formation of a public improvement district to support up to $50 million of necessary utilities for a proposed 253-acre development along Manzano Mile. The developer now will be able to break ground on the project in March.
The Manzano Mile project has been on the city’s books since at least December 2024, when the developer applied for the formation of a PID to help fund it.
The City Council’s approval followed a public hearing on the district during its Tuesday meeting. On Feb. 4, the council approved a development agreement to greenlight the project.
According to Marble Falls legal consultant Gregory Miller of Bickerstaff Heath Delgado Acosta LLP, all relevant property owners were mailed notices of the Feb. 18 public hearing and notices were published in the local newspaper of record.
The PID is a collaboration between the city, the developer, and a lender to fund the installation of utilities to service the future properties within the confines of the district. Under this funding model, the developer is lent money to complete the installation of essential infrastructure, like roads, water hookups, drainage, and electricity. A bond company will then take over the loans and be paid back over time by the future property owners who will use the infrastructure. It is then the city’s responsibility to collect the funds and pass them along to the bond company.
With the formation of the Manzano Mile PID complete, the developer can begin construction after 20 days, which lands on March 10. The next step in the process is the creation of a service and assessment plan, which will help determine the exact payment structure to levy payments from future property owners to pay back the initial loans that will be used to install utilities.
The Manzano Mile development will span about 253 acres along roughly 1.8 miles of Manzano Mile, from the intersection of RR 1431 to the end of the road, near Colt Elementary School. The development is approved to contain 1,500 living unit equivalents, or approximately the amount of utilities utilized by a standard single-family home with 3.5 occupants. It is zoned for combined residential and commercial use and will likely have single-family homes, multi-family units, and apartments.
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Where is the water going to come from is my question??