An effort to bring a second Buc-ee's location to Colorado has reached its next phase. The Texas-based travel store and gas station chain is looking to acquire the land for a location in El Paso County, between Denver and Colorado Springs. Buc-ee's has inquired about annexing and developing land for a potential 74,000-square-foot store at Interstate 25 and County Line Road, between Larkspur and Monument. The Town of Palmer Lake released a summary of the negotiated terms on Friday of a proposed annexation agreement with Buc-ee's. Palmer Lake's Board of Trustees is scheduled to consider and may vote on the agreement at a Special Trustee Meeting on Thursday, Aug. 28. Under the proposed terms, Buc-ee's would pay for all roadway improvements required by Palmer Lake or the Colorado Department of Transportation, including improvements to County Line Road, Beacon Lite, and the I-25 and County Line Road interchange. The terms call for Palmer Lake to not pay for any of the road improvements related to the development. The proposed terms call for a 3% sales tax, with Buc-ee’s receiving 1% and the remaining 2% for Palmer Lake. The sales tax is anticipated to generate $1 million annually for Palmer Lake, the town said. Read more: https://www.9news.com/article/life/style/colorado-guide/bucees-palmer-lake-terms-proposed-annexation-agreement/73-b7e85283-03c8-4013-a469-0c836cb5e8ae More local videos here: https://youtube.com/@9news Subscribe to NEXT: https://youtube.com/@Nexton9NEWS Stay connected: 9NEWS Website: https://www.9news.com/ Facebook: https://www.facebook.com/ilike9news X: https://twitter.com/9NEWS Instagram: https://www.instagram.com/9newsdenver/ Download the 9NEWS App: https://www.9news.com/appredirect/ Sign up for the 9NEWSLETTER: https://www.9news.com/email 9NEWS (KUSA) is located in Denver, Colorado.