Wednesday, December 14, 2011
Bryan, College Station city councils set to approve BioCorridor agreement
The cities of Bryan and College Station are poised to adopt an inter-local agreement (ILA) to jointly assist in the development of The Research Valley BioCorridor so it’s ready for immediate business prospects.
A special joint meeting for the two City Councils to consider the agreement is scheduled for 1:30 p.m. Thursday, Dec. 15, at the offices of the Brazos Valley Council of Governments, 3991 East 29th Street in Bryan.
The purpose of the BioCorridor — a monumental economic development endeavor — is to attract bio-related industries that develop life-changing medical technologies, build tax base, and attract high-paying jobs and investment to the Cities.
Different versions of this agreement were approved by both Cities last spring, with the work being performed by a policy committee comprised of the mayors and mayors pro-tem of each city, and the process being facilitated by a third-party legal counsel. Since then, the Cities have continued to reconcile differences between their respective versions of the ILA. Credit for this current agreement — viewed as a “win” for the Cities and any major company desiring to locate within the BioCorridor — should be given to the mayors and councilmembers who collectively spent hundreds of hours to create a unique and mutually beneficial agreement.
The ILA outlines a number of ways the Cities will work together to create and manage an environment conducive for development and growth of the BioCorridor. The agreement applies to four tracts of land totaling approximately 196 acres owned by Bryan Commerce and Development, a local government corporation and the economic development arm of the City of Bryan; of which, approximately 147 acres are located in College Station.
Some highlights of the agreement include:
• Joint construction and cost-sharing of HSC Parkway, the major roadway within the BioCorridor
• Creation of joint development standards
• Ad valorem revenue sharing on real and personal properties
• Sewer service to be provided by Bryan; Water service to be provided by College Station
• A swap of exclusive sewer service territories that enables each city to more effectively provide service due to terrain and proximity to existing sewer systems
The Research Valley BioCorridor is generally identified as an area connecting College Station (Eastern border: University Drive/Wellborn Road) to Bryan (Western border: Texas A&M Health Science Center campus on State Highway 47).
Communications & Marketing Manager
City of Bryan
P.O. Box 1000 I Bryan, TX 77805
979.209.5120 (Office) I 979.229.1060 (Cell)
Jay G. Socol | Director
City of College Station
P.O. Box 9960 | College Station, TX 77842
email@example.com | 979.764.3773 (o) | 979.229.4783 (c)
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