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Developer Financing Agreements, including: a. Amendment No. 3 to Master Development Financing Agreement with Poste Oak Pointe, LTD.; b. Supplemental Development Financing Agreement with Fennwood Development LLC and Waiver of Special Appraisal; and c. Term
Presented in: Arcola Municipal Management District #1 Board Meeting - 2025-01-08 on 2025-01-08
Official Roll-Call Vote
Restrains Gov't • 4.6/10 Impact Weight
PASSED (5 - 0)
“Motion to approve Developer Financing Agreements, including: a. Amendment No. 3 to Master Development Financing Agreement with Poste Oak Pointe, LTD.; b. Supplemental Development Financing Agreement with Fennwood Development LLC and Waiver of Special Appraisal; and c. Term”
LF
Len Franklin
Director, Place 3
YES
DR
Donyelle Robinson
Director, Place 4
YES
BC
Brian Cokes
Director, Place 5
YES
ME
Mary Ewing
Director, Place 1
YES
CB
Carrie Bond
Director, Place 2
YES
Staff Report & Agenda Item Details
Developer Financing Agreements, including: a. Amendment No. 3 to Master Development Financing Agreement with Poste Oak Pointe, LTD.; b. Supplemental Development Financing Agreement with Fennwood Development LLC and Waiver of Special Appraisal; and c. Termination of Master Development Financing Agreement with NT Houston Investments, LLC.
Bastiat Liberty & Property Rights Analysis
This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 4.6/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.