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Brazos County MUD No. 2

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Brazos County MUD No. 2

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Brazos County MUD No. 2

  1. 1. July 25, 2019
  2. 2.  Political subdivision of the State  Infrastructure financing tool  Created by petition to TCEQ  Taxing / bonding authority  City MUD Policy  Agreements with the District and/or developers  Monitored for compliance
  3. 3.  Consent for up to 5 MUDs  Brazos Co. MUD No.2 = 995 acres  Total area = 2,354 acres  Approximately 1,900 SF homes  1,466 acres of residential  472 acres of commercial  416 acres of conservation space
  4. 4.  Total utility bonds = $178 million  Total roads bonds =$118 million  Proposed property tax rate of $1 per $100 assessed valuation  Projected property value:$974,255,000
  5. 5.  Review and approval of District infrastructure  Requirements related to bond issuance  Development Agreement  Strategic Partnership Agreement  Open meetings / financial transparency requirements
  6. 6. Overlapping Tax Rate (w/Navasota ISD) County - $0.485 NISD - $1.16343 BC ESD #1 - $0.02616 Proposed MUD - $1.00 Total Tax Rate - $2.67459 Overlapping Tax Rate (w/CSISD) County - $0.485 CSISD - $1.3629 BC ESD #1 - $0.02616 Proposed MUD - $1.00 Total Tax Rate - $2.87406

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