Stallcup Boulevard land deals would swap $2.66 million in right of way for relief from building the road's outer lanes

Two property owners along the planned path of Stallcup Boulevard would give Celina the land it needs for the road's first two lanes between Preston Road and the Serenade neighborhood, under a pair of agreements on the City Council's consent agenda for Tuesday, Nov. 10.

In return, neither owner would have to build the road's other two lanes when its own land develops, according to memos from Engineering Director William Janney.

How the city ended up buying the road

Stallcup is drawn on city plans as a four-lane divided thoroughfare running from Preston Road to Peterman Parkway. Celina signed a development agreement for Serenade with HC Celina 414 LLC in January 2022 and amended it in July 2023. That amendment made the city responsible for building two lanes of Stallcup from Preston Road to Serenade's western property line, including buying the right of way.

The council approved negotiating terms with both landowners in June, and the agreements put those terms in writing.

The two deals

• Preston Road 40 Ltd. would dedicate 3.04 acres, appraised in September at $1.8 million. The two lanes on that stretch are estimated at $3,108,281. The owner also agreed to shift the road entirely onto its own property because a 50-foot easement for a high-pressure gas line runs along the original route. Staff notes the new alignment cuts through the company's planned development and shrinks the land it can build on, and says the deal avoids a likely eminent domain filing.
• FSA & S Collin County LLC would dedicate 1.956 acres, appraised at $860,000. Its two lanes are estimated at $1,080,657.

Together the two strips are appraised at $2.66 million. In both cases the city says it is not waiving the impact fees the owners will owe when they develop, and staff expects those fees to make up at least part of the gap between the land's value and the cost of the lanes the owners would otherwise build.

Without the agreements, the memos say, the project would face delays and rising land costs. A staff slide lists Stallcup as a fiscal 2026 and 2027 project. Staff recommends approval of the Preston Road 40 agreement.

A new name on County Road 57

Also on the consent agenda is a resolution renaming part of County Road 57, from the curve where it turns north at the future North Celina Parkway east to North Florida Drive, as W J Fred Smith Parkway to match the city's thoroughfare plan as the Ranch at Uptown area develops.

The change would take effect Nov. 23 if Collin County commissioners also approve it, since the road runs through both the city and the county. Residents whose 911 addresses change would be notified, and their old addresses would keep working for mail for up to a year, according to the staff presentation.

The meeting begins at 4:30 p.m. at the council chambers, 112 N. Colorado St.

Sources

celinatx.api.civicclerk.com

celinatx.api.civicclerk.com