Dwyer Realty Releases $20,000,000 in Seller Financing

Available to facilitate small business owners acquire ownership, this site financing package pairs with the 2009 Recovery Act Small and Rural Lender Advantage and Community Express 7(a) SBA financing. Now available for Recovery Act SBA Guaranteed Loans up to $1,600,000.

Available in 15% or 20% Down Payment Versions, these funds are available for immediate purchase of select Dwyer Realty Inventory, listed on this Property Inventory Price List.

http://dwyerrealty.com/DwyerRealtyPropertyInventory.htm

Las Entradas gifts land to TCESD12

When Dwyer Realty companies was contacted by Travis County Emergency Service District 12 (ESD12) about plans to renovate and remodel the current fire station facilities at 501 W. Parsons Road we asked “How we could help?”.

ESD12 has been in its current facilities since 1994 and as we all know a lot has changed in the Greater Manor area since then. The Manor area growth and demands placed on the ESD12 required expansion and updates to the current facilities to allow for improved performance and service to the community. In this process it was determined that TCESD12 needed more land to accommodate its planned upgrades. Dwyer Realty, through its Las Entradas development, worked with its own design team (Land Design Studios, AECOM, and GDH&M) and that of ESD12 to come up with a final plan that maximizes the needs to service our growing community and support the immediate growth needs of ESD12 . On March 21st ESD12 had a ground breaking ceremony to commerorate the upcoming renovations. Construction is scheduled to be completed by December 31, 2009.

As a final outcome, Las Entradas made a land gift and deed conveyed the needed land to ESD12 at no cost. It is Dwyer Realty’s and Las Entradas’ hope to continue a positive working relationship with our friends and neighbors in the Manor Community and particularly to support our local police and fire departments when and however we can. There is no greater service than those that lay their lives on the line to protect our daily endeavors. The Las Entradas land gift is but a small gesture of our commitment to Manor.

Money for road improvements paid to City of Manor

Consistent with the 2008 agreements between the City of Manor; TxDoT and private developers, Dwyer Realty’s WildHorse Creekside Development Corp completed payment to Manor in the amount of $365,344 on Monday. Bringing the total paid under this project to $395,344: WildHorse Creekside Commercial’s payment completes the required funding for the TxDoT Phase 1 project along FM 973 under the developer’s Advanced Funding Agreement for “Funding and Reimbursement Agreement – Construction of Left Turn Lane” dated June 6, 2008. The Dwyer Realty payment, through financing arranged by Manor’s own Independent Bank, provides private sector funding in place of public funding for improvements within the State roadway right of way of 973 to create a center turning lane between the Dollar General Store at 973 and Lapoyner Street, and the Exxon station Manor Market at 973 and Blake Manor Road.

This funding was paid to the City of Manor, on the heals of $30,000 paid to Manor in December for design work on the 973 project, and $313,268 paid through Letters of Credit by Dwyer Realty in March to secure final plats in ShadowGlen, and ShadowaGlen Commercial development fiscal impact fees for the future extension of Lexington Boulevard past the ShadowGlen Golf Clubhouse over Wilbarger Creek and into ShadowGlen’s residential areas.

The Monday cash payment to Manor and TxDoT appears timely amidst the storm of controversy surrounding the Park Springs Neighborhood Association and other’s opposition led by former Mayor Jeff Turner; to several other larger developments in the area . Turner, whose email campaigns have circulated over the internet lately to transportation staff and elected officials, appears to advocate shutting down development in the area south of Manor, until the TxDoT advocated “973 Bypass” is constructed east of Manor bridging 973 north of SH 290 to 973 south of Manor over Wilbarger Creek. According to Terry McCoy and Bobby Ramthun, TxDoT transportation staff, the $20,000,000 973 Bypass project, has lost construction funding for the immediate future, although the project has been in design for several years.

While the 973 improvements south of Manor, funded by the Monday payment by WildHorse, will be bid for construction by TxDoT in June of this year, they are only one piece of a badly needed regional transportation planning and improvements necessary in and around Manor. Many hours have been spent with State and local officials in attempts to coordinate the Las Entradas improvements to Gregg Manor, Lexington, Parsons, Hill Lane and SH 290, and the Dwyer Realty’s future project, Central Park’s planned improvements and enhancements to the 973 Bypass including the creation of an extra wide Parkway section for 973 through Central Park, which would have included broad tree lined medians and Pedestrian and Bike Trails alongside the future road.

The Monday payment brings the total of Dwyer Realty sponsored payments to the City of Manor to $708,612 since December.

ShadowGlen: TCMUD2 appoints new Directors and approves $2,000,000 bond sale

A change of the guard took place yesterday, April 1st, 2009, in the ShadowGlen community. All five of the TCMUD2 Directors resigned to make way for appointments of a homeowner controlled MUD board. Four of the five director positions were replaced immediately with the 5th and final position being held out until a greater paneling of the community can be had for the appointment.

Letting no moss grow, the newly appointed directors took immediate action to authorize the sale of $2,000,000 of MUD bonds. The TCEQ originally approved the $2,000,000 bonds packet on May 14th, 2008. However, the past TCMUD2 directors would not authorize bonds sales, despite the approvals by TCEQ and all of the MUD professionals (Financial Advisors, Bond Counsel, Engineers, Auditors etc.) This lack of bond sales put the cash flow of the project in dire straits and had immediate impact on the day-to-day operations of the current ShadowGlen HOA. With the current authorization, the TCMUD2 professionals are processing the bonds for sale which will hopefully transpire in about 60 days.