I want to speak clearly about why I believe this land exchange is a bad deal for the City of Lago Vista, especially since Hines hasn't been clear, forthcoming or even cooperative in previous negotiations with the city.
2. We have to think very carefully about the precedent this sets. We have a Comprehensive Plan, PDDs, plats, and development agreements that are supposed to provide predictability for everyone: residents, staff, and developers. If, after the fact, we start moving City land around inside those projects to make things easier for the developer, we are essentially doing policy by exception.
Approving this says to every current and future developer: “If you don’t like the way your land lays out, come back later and the City might trade you some of ours.” That encourages poor upfront planning and shifts the mindset from “work within the adopted plans” to “we can always negotiate a swap later.” The next developer will not see this as an exception; they will see it as a template.
3. We have a fiduciary duty to protect public assets. Once we give up 1431 frontage, it’s gone. Future councils and future residents will not get that corridor back. If a future council ever wants to consider disposing of that land, it should be through a very clear, transparent process where the public benefit is unmistakable, and the value is maximized for the taxpayers, not as part of a one-off trade designed primarily to solve a private planning problem.
For all of these reasons, uncertain public benefit, likely undervaluation of a key City asset, the very dangerous precedent it sets as well as entry/exit way nightmare, I cannot support this land exchange with the information currently provided. From the provided proposal it appears that there is more than enough space for an entrance and that the developer is only asking for this swap to make the land more appealing to the buyers they intend to sell the property to.
Lastly, why on earth does Lago Vista need another (7th or 8th) Gas Station? Especially one with a liquor and vape store attached to it?
- The city is not a private land broker. Our land along FM 1431 is held in trust for the public, not as inventory to be traded whenever a developer decides their site plan would work better a different way. We are being asked to give up scarce, strategically located frontage on a major corridor in exchange for land inside a private development, sandwiched between a shopping center and residents back yards. Even if the acreage we receive is technically larger, this is not a square-footage game. Location, leverage, and future options matter more than raw acreage.
2. We have to think very carefully about the precedent this sets. We have a Comprehensive Plan, PDDs, plats, and development agreements that are supposed to provide predictability for everyone: residents, staff, and developers. If, after the fact, we start moving City land around inside those projects to make things easier for the developer, we are essentially doing policy by exception.
Approving this says to every current and future developer: “If you don’t like the way your land lays out, come back later and the City might trade you some of ours.” That encourages poor upfront planning and shifts the mindset from “work within the adopted plans” to “we can always negotiate a swap later.” The next developer will not see this as an exception; they will see it as a template.
3. We have a fiduciary duty to protect public assets. Once we give up 1431 frontage, it’s gone. Future councils and future residents will not get that corridor back. If a future council ever wants to consider disposing of that land, it should be through a very clear, transparent process where the public benefit is unmistakable, and the value is maximized for the taxpayers, not as part of a one-off trade designed primarily to solve a private planning problem.
For all of these reasons, uncertain public benefit, likely undervaluation of a key City asset, the very dangerous precedent it sets as well as entry/exit way nightmare, I cannot support this land exchange with the information currently provided. From the provided proposal it appears that there is more than enough space for an entrance and that the developer is only asking for this swap to make the land more appealing to the buyers they intend to sell the property to.
Lastly, why on earth does Lago Vista need another (7th or 8th) Gas Station? Especially one with a liquor and vape store attached to it?