Consent Resolution Brazos County MUD #2

June 9, 2016

Brazos County MUD #2

Seeking conditional consent to create up to five Municipal Utility Districts (MUDs) in the City’s ETJ. Conditions include… Review and approval of District’s

infrastructure Requirements related to bond issuance Development Agreement Strategic Partnership Agreement Open meetings / financial transparency

requirements

Brazos County MUD #2

Proposed Development Total area = 2,354 acres Approximately 1,900 SF homes 258 acres of commercial development

33 acres of civic / institutional uses

1,062 acres of conservation space

Brazos County MUD #2

Proposed Development (Cont.) Total cost of projects financed by the MUDs = $117 million

Projected property value at full build out = $974,255,000

Proposed property tax rate of $1 per $100 assessed valuation

Brazos County MUD #2

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

Brazos County MUD #2

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 #2

Comprehensive Plan Considerations Chapter Two – Community Character designates this area as “Rural” on the Future Land Use and Character Map

Chapter Two also speaks to the need to protect rural areas in the ETJ and preserving natural areas.

Brazos County MUD #2

Overlapping Tax Rate (w/CSISD)County - $0.485CSISD - $1.3629BC ESD #1 - $0.02616Proposed MUD - $1.00

Total Tax Rate - $2.87406

Brazos County MUD #2

Overlapping Tax Rate (w/Navasota IDS)

County - $0.485NISD - $1.16343BC ESD #1 - $0.02616Proposed MUD - $1.00

Total Tax Rate - $2.67459

Brazos County MUD #2

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

Brazos County MUD #2

Recommendations

P&Z Commission voted 6-0 to recommend approval

Staff recommends approval

Consent Resolution Brazos County MUD #2

June 9, 2016