STEPHENVILLE (July 12, 2017) – Last night at the Stephenville City Council meeting, the council heard several reports and made decisions regarding development. Key issues included a report from the Erath County Appraisal District, from the Stephenville Economic Development Authority, approving construction and extending the contract with the Erath County Humane Society.
Chief appraiser Jerry Lee reported the taxable market value of property for 2017 is expected to be about $1.2 billion for Stephenville. This is about $136 million higher than last year. Lee stated this increase is due to an increase in the market.
“Sales are up,” Lee said. “That’s our benchmark.”
Dr. John Hubbard, executive direction of the SEDA, reported on current projects and and the process for working with businesses. The SEDA is currently, among other projects, working on bringing Southwest Rail to Stephenville. Stephenville is one of three cities Southwest Rail is looking at to build a new facility.
The city council also approved construction of a preliminary plat for Christy Plaza II Development. This development is nine lots that make up a total of 19.51 acres.
The council also accepted accepted the Golf Country Estates II – Phase I Subdivision.
Additional the council approved approved the extension of the Erath County Humane Society contract and lease by 60 days while finalizing an agreement.
Other issues covered include:
- the council approving the resolution to reject Oncor’s application to change rates. Proposed rates would increase residential rates by 11.8 percent.
- hearing the monthly budget report.