Montgomery County Approves Agreement to Launch New Development in Magnolia
Montgomery County Commissioners have approved an agreement with Municipal Utility District No. 180 that will allow the developer to recoup road infrastructure costs in the new residential development in Magnolia.
The new development, dubbed Magnolia Springs, is off FM 1486. The agreement will allow the developer to build roads and signage in advance, with the county paying off interest-free over a 20-year period.