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
