THU
3 DAY FORECAST TODAY 63/47
Dec. 5, 2024
Volume 59 l Number 211
FRIDAY 56/44
SATURDAY 51/47
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830-379-2234 l 609 E. Court St., Seguin TX, 78155
The Voice of Seguin
WEEKEND EDITION
TODAY
Council STOPS proposed apartment
complex at 46, Cordova Road Darren Dunn
(Seguin) -- The Seguin City Council has declined to move forward with the Lily Springs Apartment Complex on State Highway 46. The council voted 4-3 during Tuesday’s meeting to not allow the city’s Public Finance Corporation to move forward with an agreement with the Navarro ISD and the developer Lightpath Corporation. The project was controversial to some because it would have been owned by the city of Seguin, but managed by a private firm, which would have been responsible for all of the financial risks involved in the project. In lieu of property taxes, the company would have made lease payments to the city for 75 years. That’s where
the problem begins for some in the Navarro ISD. Because the project would be owned by the city, there would be no property taxes collected. That means it would generate no tax revenue for the city, the Navarro ISD or Guadalupe County. The deal initially created an uproar, with some Navarro ISD stakeholders who cried foul over the project because it would have directly impacted the district without the district receiving an adequate level of funding from the project. But this time around, the deal had been reworked. It included a new developer, with ties to the community; and it also included a new funding agreement. Apartments, pg. 4
Holiday Season arrives in Seguin tonight
This year’s Holiday Stroll Parade gets underway at 6:30 p.m. in downtown Seguin. It will be followed by the annual lighting of Central Park. See story on page 2.
Helping you find the right house to call HOME. Donna West
214-843-2515