The resolution grants conditional consent to create a Municipal Utility District (MUD) in Brazos County to support a proposed development of 1,380 homes, 27 acres of commercial space, and other amenities on 553 acres. Consent is conditional on city approval of bonds, a development agreement, strategic partnership agreement, and transparency requirements. The MUD would allow infrastructure to be provided for the undeveloped area and is a development finance tool. The recommendation is for approval of the resolution granting conditional consent to the MUD.

1. March 27, 2014

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

3. 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

6. 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

7. 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

8. 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?

9. Comprehensive Plan Considerations
 ChapterTwo – Community Character
 Chapter Eight – Growth Management
& Capacity

10. OverlappingTax Rate
County - $0.4875
CSISD - $1.32
BC ESD #1 - $0.0288
Proposed MUD - $1.00
TotalTax Rate - $2.8363

11. Process…
 City’s Consent
 TCEQ Application and Consent
 DevelopmentAgreement
 Strategic Partnership Agreement
 Utility Agreement
 Subdivision Process

12. Recommendation
Staff recommends approval of the
Resolution granting conditional
consent

13. March 27, 2014

15. 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