Flower Mound Town Council approved a memorandum of understanding between the town, Beverly Development Corporation and the University of North Texas to create a business incubator and co-working space as part of a proposed Southgate development along the town’s southern boundaries.
The proposal would create a unique combination of space for new business to incubate ideas and develop into larger companies, likely located in office buildings within the town, officials with the development said.
The concept would be the first of its kind in Flower Mound and in North Texas. Other communities have started incubator projects in converted industrial space, similar to the incubator in Denton located in what was once a Texas Instruments satellite location.
The memorandum of understanding allows the developer and partners to set up a framework for the incubator while the overall Southgate development continues progression through the town’s Planning and Zoning Commission review. The project is expected to go before the commission in late October or early November, officials said. Located five minutes north of the DFW International Airport, Southgate is proposed to offer residential, retail and office space at the end of Gerault Road at FM 2499.
In other business, council members:
*Approved a conceptual plan for the second phase of Heritage Park off Garden Ridge Boulevard near Spinks Road. Clint Wofford of Schrickel, Rollins and Associates told council members the additions would include a plaza, waterfall, wildflower meadow, rustic pavilion, a splash pad as well as additional picnic stations and parking. Plans also called for a nature trail complete with bronzed sculptures of animals indigenous to the area along with informational signs about each species along with paw prints to help youngsters identify them through tracking. An 18-hole disc golf course is also proposed while plans for a sand volleyball court, horseshoes and a skate park were tabled due to lack of interest.
*Approved a site plan adjustment for the Justin Road Storage Center located south of Justin Road and west of Meadow View. The building had a 10-foot setback from a masonry wall that the developer said could prove problematic if left in place. The proposal called for extending the building 10 feet, which would then serve as the wall, removing the small area behind the building.
*Approved the fiscal budgets for fire control, crime control and the town as well as the proposed tax rate of $0.4390 per $100 assessed valuation, which is a decrease from the current $0.4497 per $100 assessed valuation.
*Accepted an $8,400 check from the CoServ Charitable Foundation for the purchase of rain gear for the Flower Mound Police Department. Mary Worthington, administrator of the CoServ Charitable Foundation, said before the town council meeting that the foundation recently surpassed the $6 million mark in providing grants to nonprofit entities. An estimated $750,000 to $1 is given out annual. The foundation receives funding through employees and Operation Round Up, a program in which customers can round up their bills to the nearest dollar to donate toward the foundation. “We’re very committed to first responders,” Worthington said before the meeting. “We do whatever we can to help them be safe and do what they do in the line of duty.”
*Flower Mound Cub Scout Pack 392, Den 8 presented the flags for the pledge of allegiance as part of learning about how government works and citizens serve their community.