Colony Park Sustainable Community Documents
Overview
The Colony Park Sustainable Community initiative builds on years of community input, planning and partnerships to guide the development of 208 acres of City-owned land in northeast Austin. This page provides access to key agreements, zoning actions, financial plans, and development reports that shape the project’s path forward, including the community development agreement, updated zoning ordinance, the TIRZ financing plan, and foundational planning documents from the City and its development partner. Together, these documents explain how the project will create a vibrant, equitable and well‑planned mixed‑use community.
Development Agreement
On August 16, 2024, the City and Catellus/Banbury signed the Colony Park Community Development Agreement (CPDA) for the development of 208 acres of City-owned land.
Read the Agreement
- Review the Exhibits
- Exhibit A Property
- Exhibit B Central Health Property
- Exhibit C Takedown Relationships
- Exhibit D Backbone Infrastructure
- Exhibit E Form of Special Warranty Deed
- Exhibit F Form of Special Warranty Deed Concerning Parks
- Exhibit G Design Guidelines
- Exhibit H Illustrative Plan
- Exhibit I Phasing Plan
- Exhibit J Proforma
- Exhibit K Project Costs
- Exhibit L Public Finance Reimbursable Project Costs
- Exhibit M Reserved
- Exhibit N Takedown Schedule
- Exhibit O Predevelopment Expenses
- Exhibit P TIRZ Project and Financing Plan
- Exhibit Q Reserved
- Exhibit R Offsite Infrastructure
- Exhibit S Parks
- Exhibit T Public Finance Escrow Agreement
- Exhibit U Project Revenue Escrow Agreement
- Exhibit A Property
Colony Park Sustainable Community
Planned Unit Development Zoning Ordinance
On November 30, 2023, Council approved Ordinance 20231130-107 amending City Code Title 25 by rezoning property at 7900 Loyola Lane, locally known as the Colony Park Sustainable Community, to amend the planned unit development (PUD) base district zoning. The zoning amendment supports the community's long-term vision for Colony Park. It reflects Council priorities shaped by more than a decade of community engagement with nearby residents and stakeholders.
Colony Park Sustainable Community
Tax Increment Reinvestment Zone
On July 18, 2024, the Board of Directors for the Colony Park Community Tax Increment Financing (TIF) No. 20 adopted the Final Project and Financing Plan for Tax Increment Reinvestment Zone (TIRZ) No. 20 and submitted the approved plan to Austin City Council. The Colony Park Community Tax Increment Reinvestment Zone is a financing tool enabled by the state of Texas to encourage economic development within a defined geographic zone. It provides a means of financing the costs of public infrastructure improvements benefiting the Tax Increment Reinvestment Zone. The plan builds on an earlier ordinance and Preliminary Project and Financing Plan that established TIRZ No. 20 as part of the Colony Park Sustainable Community project funding strategy.
Project Compliance Reporting
Semi-Annual Minority Owned or Women Owned Business Enterprise (MBE/WBE) Participation Reports
Affordable Housing Semi-Annual Reports
Colony Park Sustainable Community
Exclusive Negotiation Agreement
In May 2020, the City of Austin entered into an Exclusive Negotiation Agreement with Catellus Development Corporation (Catellus) for the Colony Park Community project. This agreement allows the City, Catellus and community to work towards implementing the Colony Park Master Plan through the execution of a Master Development Agreement. As this process unfolds, the community will play an even more critical role in providing oversight for implementation of the Eight Pillars and bringing forward the evolving needs of local residents.
Colony Park Sustainable Community
Exclusive Negotiating Agreement and Phase 1 Report
During the Exclusive Negotiating Agreement (ENA) period, Catellus Development Corporation prepared the Colony Park Phase 1 Report. The report includes observations and recommendations developed during the ENA process. The ENA period allows for due diligence and negotiations of the Master Development Agreement (MDA). The report recommends further due diligence and refinements that will be needed before moving forward with entitlement, zoning and site plan changes.
Colony Park Sustainable Community
2017 Development Partner Solicitation
On September 25, 2017, the City of Austin issued a solicitation to identify a qualified development partner for a long-term partnership to transform 208 acres of vacant, publicly owned land into a vibrant, master-planned community.