Posting Language
Title
Set a public hearing to consider an ordinance adopting the Fifth Amendment to the Agreement Concerning Creation and Operation of Moore's Crossing Municipal Utility District. (Suggested date: Thursday, April 4, 2024, at Austin City Hall, 301 W. 2nd Street, Austin, Texas).
De
Lead Department
Planning Department.
Fiscal Note
This item has no fiscal impact.
For More Information:
Sara Groff, Planning, 512-974-8074 Sara.groff@austintexas.gov.
Council Committee, Boards and Commission Action:
Planning Commission - Scheduled to be heard on March 26, 2024
Additional Backup Information:
In 1986, the City of Austin consented to the creation of the Moore's Crossing Municipal Utility District (MUD) as an in-city MUD. The Agreement Concerning Creation and Operation of Moore's Crossing Municipal Utility District (Agreement) between the City and the MUD contains provisions regarding development requirements for future development within the MUD, including developer reimbursement rates and allowable uses from issued bonds.
In 1994, the first amendment to the Agreement deferred by five years the first possible date for the City to dissolve the MUD because of delays in starting the development within the MUD.
In 1996, and pursuant to 74(R) S.B. 1396, the MUD converted from full-purpose to limited-purpose. In order to restore the MUD to the City's full purpose jurisdiction, the City must assume outstanding obligations and follow other procedural requirements as prescribed by law.
In 1998, the second amendment to the Agreement provided for a reduction in the amount of reimbursement to the Developer to not exceed 70 percent of the actual cost for design and construction of internal water, wastewater, drainage, and water quality facilities.
In 2003, the Agreement and Land Plan were amended again to reflect the amount and location of land to be dedicated to the City for parkland, affordable housing, and for sites for fire stations, emergency medical serv...
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