Consent Resolution Brazos County MUD #1

March 27, 2014

Brazos County MUD #1

Resolution grants conditional consent to create a Municipal Utility District (MUD) in Brazos County. Conditions include… City’s approval before issuing bonds Development Agreement Strategic Partnership Agreement Open meetings / financial transparency requirements

Brazos County MUD #1

Background

A MUD is political subdivision of the state authorized to provide infrastructure within a defined area (District)

A MUD is a development finance tool that is especially useful in undeveloped areas that lack adequate infrastructure

Brazos County MUD #1

Proposed Development Total area = 553 acres 1,380 single-family homes 27 acres of commercial development 16 acres of business / technology park 14 acre CSISD learning center 73 acres of detention / greenways Over five miles of walking trails

Brazos County MUD #1

MUD Consent Application Included… Petition for consent Property survey and legal description List of advisors and key consultants Engineering report Market demand analysis Overlapping tax rate information Petitioner and developer information

Brazos County MUD #1

MUD Policy Considerations Plans to annex subject property within the next five years?

Is the proposed MUD located within the ETJ of two or more cities?

Brazos County MUD #1

Comprehensive Plan Considerations

Chapter Two – Community Character

Chapter Eight – Growth Management & Capacity

Brazos County MUD #1

Overlapping Tax RateCounty - $0.4875CSISD - $1.32BC ESD #1 - $0.0288Proposed MUD - $1.00

Total Tax Rate - $2.8363

Brazos County MUD #1

Process… City’s Consent TCEQ Application and Consent Development Agreement Strategic Partnership Agreement Utility Agreement Subdivision Process

Brazos County MUD #1

Recommendation Staff recommends approval of the Resolution granting conditional consent

Consent Resolution Brazos County MUD #1

March 27, 2014

Brazos County MUD #1

Benefits…

Able to extend land use authority into the ETJ Development consistent with Comp Plan Infrastructure review and inspection Accommodates future growth Development without the City’s investment Water / wastewater revenue Annexation agreement