The Breckenridge Town Council recently approved a resolution about the potential annexation of the Stan Miller property located approximately 3 miles north of town.
The petition met the Town's requirements and a public hearing has been set for September 25.
In recent months, the Town has reviewed the proposal for the 40-acre property along Highway 9 near the Town's Block 11/ McCain property.
The design plan includes about 100 affordable housing units, a public trail along the west side of the river, open space and Blue River restoration. The development would be phased in gradually as construction operations that have taken place there for 35 years wind down.