Ordinance authorizing a Wastewater Trust Fund Reimbursement Agreement up to $2,280,573.90 with Mostaghasi George Development, LLC to construct a wastewater improvement for a proposed residential development located south of FM 43 and east of CR 43, also k

Staff Report & Agenda Item Details

Ordinance authorizing a Wastewater Trust Fund Reimbursement Agreement up to $2,280,573.90 with Mostaghasi George Development, LLC to construct a wastewater improvement for a proposed residential development located south of FM 43 and east of CR 43, also known as Kaspian Subdivision Unit 1 and authorizing future appropriation of Wastewater Trust Fund revenue up to the $2,280,573.90 to reimburse the developer in accordance with the agreement and Unified Development Code. (District 5).

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 6.9/10). 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).