The council's Infrastructure Services Committee agreed the measures following a detailed investigation by the council and its partner agencies, following flooding in the area last August.
The committee agreed to undertake a series of measures in the short term and to investigate what longer term actions may be appropriate.
The council has agreed to fit a non-return valve to the outlet of the Waterybutts Ditch culvert to the Barry Burn to prevent a back flow from the Barry Burn occurring and will be dredging the Barry Burn channel to remove build up of silt.
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The impact of allowing some of the fields in the vicinity of McDonald Smith Drive to flood before flooding occurs in the town is being considered and discussions continue with Scottish Water regarding the overflow arrangements to drainage and sewer systems in the area.
The committee also agreed to investigate the merits and impact of a multifunctional flood warning system and a floodwall to protect the properties on the south side of McDonald Smith Drive.
A review of the current flood prevention scheme will be carried out to determine if there is any need for improvement.
Speaking following the Infrastructure Services Committee, Convener David May said: "The council has already written to the households in the affected area to advise them of the measures being proposed. Today's decision should further reassure them that the council and its partners will continue to work together to ensure that the public flood protection measures work as effectively as possible."
(GK/BMcC)
