2 0 2 2 A N N U A L C O M M U N I T Y G U I D E
development, she believes the area needs the new busi- nesses that will come along- side H E B. “I just like that fact that not only is it going to be an H E- B, but there’s going to be new restaurants and things like that, which is something we don’t have here,” said Ward, who has lived o FM1488 and Alford Road for eight years. Funding growth The sales tax revenue from Magnolia Place is expected to be bene cial to entities in the area as Magnolia continues to see residential growth. Kana said revenue generated from the development will help the city upgrade its infra- structure, including replac- ing and upgrading pipes and expanding wastewater treat- ment capacity. Kana said having such a large development such as Magnolia Place will help the city keep property taxes low so residents will not be the only ones paying for infra- structure upgrades. The $1.8 million in revenue from sales taxes the city is pro- jected to gain in scal year 2021-22 is about half of the city’s total revenue, the city’s budget shows. “This allows us to improve and expand the city on the backs of everyone that spends a dollar in the city as opposed to just those who live here,” Kana said. The Magnolia Fire Depart- ment, the name for the new
entity created by Montgom- ery County Emergency Ser- vices District No. 10 and the former Magnolia Vol- unteer Fire Department,
RACHEL STEELE, MAGNOLIA ECONOMIC DEVELOPMENT CORP. DIRECTOR I THINK BY THE END OF 2022, WE WILL BE GOING [TO FM 1488 AND SPUR 149] FOR LUNCHES AND DINNERS, AND I T WILL BE A POWER INTERSECT ION.
is also poised to see revenue gains from the new H E B, MFD board President Larry Smith said. Voters approved a
proposition in 2014 to allow the MFD, then ESD 10, to receive $0.01 of sales tax for every dollar spent within areas annexed by Magnolia after Oct. 1, 2014, such as the Magnolia Place develop- ment, now within city limits. “The fact that H E B found it in their best interest to build this big store across from Magnolia High School is just further indication and [positive] proof that the growth in that area is about to go nuts,” Smith said. Smith said the additional funds will help the MFD expand its services as it con- tinues to try to keep up with growth. For example, Smith said the MFD will use new reve- nue to develop new stations, upgrade existing stations and hire more personnel. He said the MFD plans to repair and renovate Station Nos. 182 and 186, both located on FM 2978 on the east side of the Magnolia area, in 2022. “I think [H E B is] a big bene t to the city of Mag- nolia,” Smith said. “We are going to be very transparent about the [funding] process.”
FUNDING GROWTH
In 2014, voters within then-Montgomery County Emergency Services District No. 10—now the Magnolia Fire Department—approved a proposition for ESD 10 to receive $0.01 of sales tax in areas annexed by the city of Magnolia after Oct. 1, 2014, which includes Magnolia Place.
$0.0625 goes to Texas.
$0.01 goes to the city of Magnolia.
$0.01 goes to the MFD.
SOURCE: CITY OF MAGNOLIA COMMUNITY IMPACT NEWSPAPER
Developing the intersection In addition to Magno- lia Place, two more devel- opments are underway at FM 1488 and Spur 149. Magnolia Village, a 60-acre mixed-use development on the southeast corner of the intersection, and Heritage Green, a 48-acre mixed-use property north of FM 1488 at Spur 149, are also under construction. Magnolia Village will bring 300 multifamily units, retail and o ce space to the area, according to previous Com- munity Impact Newspaper reporting. Heritage Green will include a CVS Pharmacy, which is expected to open this summer, and other retail and residential space, according to Uni ed Engineering Solu- tions, the project developer.
“I think by the end of 2022, we will be going [to FM 1488 and Spur 149] for lunches and dinners, and it will be a power intersection,” Steele said. While more development will bene t the bottom line for the city and the MFD, Smith said it presents a chal- lenge for the MFD to provide re protection. “The biggest challenge is being able to expand our facilities and our services fast enough to keep up with the growing development,” Smith said. Fox said she believes it is a double-edged sword: While the three developments will provide the city much- needed revenue and jobs for the growing number of residents, there are still con- cerns, such as ooding.
“My main concern is over the past ve years, we’ve had a lot of development, which is good for the economy, but we’ve also seen more ood- ing than we’ve seen before,” Fox said. Despite potential chal- lenges and concerns with the development, Steele said she believes having H E B and the other mixed-use develop- ments at Spur 149 will make the city more cohesive. “Now that you can get that in our small community, it really speaks to the quality of life and ease that comes in and enjoyment of being able to access those amenities,” Steele said.
For more information, visit communityimpact.com.
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