The Wharton City Council approved a development agreement that will help bring a 220-home subdivision to the city last meeting. An approximately 55-acre piece of land on the corner of Milam and Alabama. According to Brian Jarrard and his partner Jim Maddox of Wharton 55 LLC — the homes would range in size from 1,400-2,200 square feet and be at a price point of $250,000 to $300,000. Jarrod says expenses are roughly $10 million for public infrastructure, and this project will bring approximately $60 million in taxable value to the city tax rolls.