News Flash

City of Shenandoah News

Posted on: November 15, 2023

Municipal Development District (MDD) November 15, 2023 Update

Supporting documents


Attendance:  Present:  President Byron Bevers (Place 4),  Vice President Ron Raymaker (Place 1),  Secretary Joanna Gonzalez (Place 3),  Dr. Jim Wallace (Place 2), Ted Fletcher (Place 5)   


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.  Discussion only. 

 ITEM 5: Monthly MDD Capital Projects Report - No action required; report only.   

ITEM 6:  Wastewater Treatment Plant Renovations Repayment - At the September MDD meeting, the board discussed the options of deferring the repayment of the $500,000 advanced
funding as proposed by City Council or eliminating the requirement of repayment. City Council discussed these options at the budget workshop and decided to reimburse the MDD all $500,000. Payment would be deferred toward the end of the WWTP Improvements project. MDD discussed Council's reimbursement timing at the end of the project. MDD voted 4-1 to a rimbursement of the $500,000 at the completion of the project.(Bevers cast the nay vote.)

ITEM 8: Adoption of the July 26 and August 23, 2023  Minutes MDD voted 5-0 to approve the minutes as presented.

ITEM 7:  Ratification of the October Accounts Payable- MDD voted 5-0 to approve the accounts payable. 

Executive Session: None scheduled


MDD adjourned at 6:14 p.m.

 

Upcoming Events/Meetings


November 22: Early Closing, City Offices Closed, 3 p.m.

November 23-24:  Thanksgiving Holidays City Offices Closed

November 28: Lighting of the Angels, 6-8 p.m., Municipal Complex

December 9:  Luminary Workday, 9 a.m. - noon, Public Works Bay

December 19:  Planning and Zoning Commission (P&Z), 6 p.m.

December 20: Municipal Development District (MDD), 6 p.m. (HOLIDAY SCHEDULE; if needed)

December 20: City Council, 7 p.m. (HOLIDAY SCHEDULE)

December 25-26: Christmas Holidays, city offices closed

December 26 - January 9: Tree recycling, Pool Parking Lot

January 1: New Year's Day, city offices closed









 







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