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City of Shenandoah News

Posted on: June 24, 2021

Municipal Development District (MDD) Uodate June 23, 2021

Supporting Documents for Agenda Items can be found HERE.

 

Attendance:  Present:   President Byron Bevers (Place 4), David Hoover (Place 2) , Ted Fletcher (Place 5) and Ron Raymaker (Place 1)   Absent: Joanna Gonzalez (Place 3)

ITEM 4:  Monthly Cash Flow Report-   As requested by MDD, staff has created a visual for a 5-year cash flow projection for the MDD as well as a monthly cash flow report for future agendas.  The projection takes into consideration:  2019-2020 modified revenue projection from COVID, eligible projects per the Capital Improvement Plan (CIP)   and allocated projects that are expected to start construction and complete in 2020-2021.  Discussion only.

ITEM 5:  Proposal from HDL Companies  Staff presented an HDL Companies' proposal to start a sales tax audit for MDD similar to what they presently do for the city. They would waive the yearly contract fee by placing MDD under the city contract.   MDD would be charged a 25% commission on any sales tax that is recovered and for future collections for a 24-month billing period from the date the MDD first realizes the sales tax improvement. This proposal also includes the report series and analysis on their website that are updated monthly for staff.   MDD voted 4-0 to approve the audit agreement with a 25% recovery fee.

ITEM 6:  Wastewater Treatment Plant (WWTP) Improvements -   Public Works Director Joseph Peart informed MDD that the city has been invited by the Texas Water Development Board (TWDB) to submit a loan application for the WWTP improvements.  This project is considered to have a high probability of being funded.  Bleyl Engineering has completed the Preliminary Engineering Report (PER) for the project.  Project design is presently approximately 30% completed and Bleyl Engineering provided a proposal to complete the final design. Costs can be reimbursed back to the MDD after the TWDB  loan is issued. The latest cost estimates have the total cost for the improvements (engineering included) at $5,938,900. Pre-construction is expected to take approximately 46 weeks and construction 15 months. MDD voted 4-0 to postpone action until after the city has its pre-application meeting with TWDB on the loan and can better update them at the next meeting.

ITEM 7: MDD 2021-22 Budget Workshop - Every year the Shenandoah MDD must produce an annual budget. City staff helps prepare the budget document with recurring costs and provides an anticipated surplus/deficit.   MDD President Byron Bevers stated he would like to see  MDD fund 50% of the David Memorial Extension project as well as 50% of the Vision Park detention pond project. He favors funding 100% of the Six Pines city entrance, the Holly Hill Park and stormwater mapping in the next year's budget. Discussion only.

  • Estimated Revenue  $2 ,173,255.00
  • Estimated Expenses  $     917,721.00
  • Estimated  Surplus    $  1,255,534.00

ITEM 8:  Approval of January 21, 2021 and February 24, 2021 Minutes- MDD voted 4-0 to approve both minutes.

ITEM 8:  Ratification of May Accounts Payable- MDD voted 4-0 to ratify the accounts payable.

Executive Session: none scheduled

 

MDD adjourned at 6:40  p.m.

 

Upcoming Events/Meetings

 

June 26: Independence Celebration, 10 am - noon, City Park

July 5: City offices closed for the Independence Day holiday

July 10:  Shenandoah Farmer's Market, 9 am - 1 pm

July 13: Civic Club, 6 pm

July 14: City Council, 7 pm

July 20: Planning and Zoning Commission, 6 pm

July 22: Independence Celebration Blood Drive, 9 am - 3 pm

July 28: Municipal Development District, 6 pm

July 28: City Council, 7 pm

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