This project involved the negotiation of a Chapter 380 Agreement for the redevelopment of a private shopping center in Tomball, Texas. When the developer purchased the property, it was only 32% occupied and in steep decline. Ms. Donatto acted as Project Manager to work with the developer and the municipality to negotiate a Chapter 380 Agreement to allow for reimbursement of improvements to the Center to hasten its growth.
The context of the deannexation was complex and required in-depth research on historic property values and projected future property values under multiple possible scenarios. The property in question was undeveloped and in the City of Houston city limits but located directly adjacent to the developed property in an Industrial District Agreement (IDA) area- technically, the City of Houston’s extraterritorial jurisdiction.