The Orange City Council and its economic development corporation plan to invest $650,000 to build a boulevard to help development at the Eagle Point acreage off Interstate 10.
Eagle Point is a 250-acre tract of land on the south side of Interstate 10 east of Highway 62 and is owned by the Houseman Companies. Jay Trahan, city economic development director, said in a memo the city’s investment will be contingent on an anchor business to stimulate development.
The economic development board of directors will hold a public hearing Tuesday at 5 p.m. on the expenditure. After the public hearing, the board will vote. Then the council meets at 5:30 p.m. and will vote on the project a second time. Both meetings are in the council auditorium next to the Orange Public Library.
Trahan said in the memo the four-lane boulevard will be 80 feet wide and 1,200 feet long. The project will include site preparation for the roadway, base work, concrete paving, storm sewer, curb inlet, engineering and design.
He also said the Houseman Companies will donate 10 to 20 acres of land worth $1.3 million to $2.5 million for the project.
Money from the economic development corporation comes from a special sales tax approved by voters. The money has limited uses under state law.
The city council meeting will also include a vote to issue $5.1 million in certificates of obligation, a type of bond. The money will be used for improvements in the city’s water and sewer systems.
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