SHERMAN -- Local leaders say they are preparing for potential growth , and one corporation is stepping up to the plate to help with funding. Sherman officials say cities south of Sherman are beginning to see growth along U.S. Highway 75. Now officials are putting together a comprehensive plan for when that growth reaches Sherman.
Sherman leaders say they are taking a proactive position to try and bring growth to the area.
Sedco offered over $3 million to expand water and sewer lines along Highway 75 North to Loy Lake Road. Sedco President John Boswell says the area is prime real estate for retailers.
"The last couple years that part of our community has been the most rapid growth so we suspect that growth will continue if we provide utilities to accelerate that development," said Boswell.
Sherman mayor Bill Magers says, "We need to make sure that when development comes we're on an equal playing field with our water and sewer."
Magers also says budget restraints are keeping the city from completing the project, but the partnership with Sedco will accelerate the process.
Sedco officials say there are two stipulations that follow the $3 million. The city must have a plan for utility payments and impose a fee on the property to generate return funds.
City officials say the march north of development out of Dallas is coming sooner than later. This water system will ensure Sherman is positioned for that growth.
"I think the end result it's going to add revenue to the city of Sherman," said Magers.
The mayor says both sides of Highway 75 are being developed and that the new Texoma Medical Center facility is already looking to be built there.