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City of Shenandoah News

Posted on: August 26, 2020

Municipal Development District (MDD) Meeting August 26, 2020 Update

Supporting Documents for Agenda Items can be found HERE.


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

ITEM 4:  Cash Flow Schedule-   As requested at the July 22 meeting, 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: 2020-2021 Proposed Budget Discussion - Discussion only.

A.. Proposed Operating Budget: Change to Transfer to General Operating – The Woodlands Township wants to remove the credit for patrol services for the City’s fire services contract.
 
B. Capital Projects:  Council accepted the 70% funding from MDD for the following projects: 

  • 1. Motor Control Center (MCC Replacement) -   $337,400 
  • 2. ACP Waterline Projects -     $819,000 
  • 3. Sewer Inspection Cameras -     $9,100 

 Council accepted 100% of the funding from MDD for the WWTP Improvements with the understanding that the $250,000 will be paid back from the proceeds of the TWDB loan.  

Council accepted 100% of the funding from MDD for the I-45 & Research Forest Dr. Intersection Improvements - $1,026,250.

 Council accepted the 25% funding from MDD for the Questica Budget & Capital Project Software – $6,125

ITEM 6: Adoption of the 2020-2021  MDD Budget-  MDD approved tabling the budget for 2020-2021 by a vote of 5-0.

ITEM  7:  Minutes from May 27 and June 24-  MDD approved the minutes of May 27 and June 24  by a vote of 5-0.

ITEM 8: Ratification of July Accounts Payable-  MDD approved the accounts payable by a vote of 5-0.


Executive Session: none scheduled

 

MDD adjourned at 6:53  p.m.


Upcoming Events/Meetings


September 2: City of Shenandoah Blood Drive, 9 am - 3 pm

September 7:  Labor Day: City  facilities closed

September  8: Civic Club, 6 pm

September 9: City Council, 7 pm

September 15: Planning and Zoning (P&Z), 6 pm

September 23: Municipal Development District (MDD), 6 pm

September 23: City Council. 7 pm






 


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