PRESENTER: Presenter
Jeff Jewell, Economic and Community Development Director
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SUBJECT: Title
Approval of a resolution recommended by the New Braunfels Economic Development Corporation approving a project expenditure, of up to $2,300,000, to the Headwaters at the Comal for the completion of construction, pursuant to Section 505.152 of the Texas Local Government Code.
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DEPARTMENT: Economic and Community Development
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COUNCIL DISTRICTS IMPACTED: 4
BACKGROUND INFORMATION:
The New Braunfels Economic Development Corporation (“NBEDC”) approved an initial grant of $1.2M for the initiation of the Headwaters at the Comal project in March 2022. Since then, significant improvements have been completed at the site to include: main building repurposing, adding a front drive through, installation of recycled concrete pavers, hardscape features, rainwater cisterns and archeological discoveries. Additional work planned will complete the formal front entrance and picnic commons, air-conditioned spaces, visitor’s center, multiple meeting spaces and public restroom facilities; and an adjacent parking lot to support access to the Headwaters.
The NBEDC met on February 20, 2025 to consider a request from the Headwaters at the Comal for up to $2,300,000 to complete construction of the project. After holding a public hearing at its April 17, 2025 meeting, the NBEDC voted unanimously to approve this expenditure.
ISSUE:
Additional funds are being requested by the Headwaters at the Comal to complete construction of the project at 333 E. Klingemann Street.
STRATEGIC PLAN REFERENCE:
☐Economic Mobility ☐Enhanced Connectivity ☒Community Identity
☐Organizational Excellence ☒Community Well-Being ☐N/A
FISCAL IMPACT:
The not to exceed amount for this second grant is $2,300,000; the NBEDC has sufficient funds to approve this expenditure.
Recommendation
RECOMMENDATION:
Staff recommends approval of the $2,300,000 for the completion of Phase 2 construction of the Headwaters at the Comal project.