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City of Shenandoah News

Posted on: October 31, 2019

Municipal Development District (MDD) Special Meeting October 30, 2019 Update

Supporting Documents for Agenda Items can be found HERE.  


Attendance:  Present:   Mike Sorich, David Hoover, Ted Fletcher and Ron Raymaker  Absent: President Byron Bevers

ITEM 4:  General Fund Reimbursements-  Every year the MDD budgets for reimbursement to the General Fund for shared costs. The Finance Department wanted to promote financial transparency and present the transfers to all members of the MDD board and to the public at the end of the fiscal year.  Presentation only; no action.

ITEM 5:  Wetlands Credit Purchase- The City agreed to purchase a total of 52.8 functional capacity units (FCU) from the wetlands mitigation bank in January 2019 in two portions, or “tranches,” approved for funding by MDD. We purchased the first tranche in the amount of $1,554,000 following execution of the agreement and we have until November 1 to purchase the second tranche for $1,614,000. The funds for tranche 2 were reserved for completion of this purchase, per the agreement.    MDD voted 5-0 to purchase the second tranche.

ITEM 6:  Check Sign AuthorizationThis resolution adds Ted Fletcher and Ron Raymaker as authorized check signers for both the MDD Wells Fargo and Texpool accounts. This resolution also removes M. Ritchey Wheeler and John Blalock who will no longer be serving on the MDD board.    MDD voted 5-0 to approve the changes to the MDD check signing authorization.

 ITEM 7:  Non-action Items: -  The following budgeted items were authorized by the City Administrator with the approval of MDD.  Information only; no action required.

  • Sewer Collection  System Model (70% share) - $48,458.50
  • Water/Sewer Impact Fee (70% share)- $25,000.00
  • Water/Sewer Rate Study (7-% share) - $40,000.00

ITEM 8:  Approval of August 28 regular meeting and the September 11 special meeting minutes- MDD voted  3-0-1 to approve the minutes.

ITEM 9   Ratification of September Accounts Payable -  MDD ratified the accounts payable by a vote of 3-0-1.

Upcoming Events


November 5: General Election

November 13: City Council, 7 pm

November  28 - 29: Thanksgiving holidays. City offices closed.


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