Consider and take appropriate action regarding a Reimbursement Agreement between the City and Meritage Homes of Texas, LLC, providing reimbursement of certain costs associated with Kaufman Public Improvement District No. 4, the Highland Meadows development, and authorizing the Mayor or designee to execute necessary documents.

Staff Report & Agenda Item Details

The City and Developer desire to enter into a reimbursement agreement to reflect the amount of reimbursement due to the Developer for the costs of the authorized improvements pursuant to the proposed Service and Assessment Plan (SAP) and to express the City's intent to reimburse the Developer for certain costs of the authorized improvements for Public Improvement District (PID) No. 4 (Highland Meadows). Legal is still reviewing this agreement and will get the final document to staff on Monday, May 18. It will be forwarded to Council upon receipt.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).