35.
Commissioners Court Meeting
- Meeting Date:
- 09/08/2025
- Title:
- Consider Chapter 381 Economic Development Agreement between Webb County and Gateway Municipal Utility District No. 1
- Submitted for:
- Nathan Bratton
- Submitted By:
- Nathan Bratton
- Department:
- Civil Legal Division
Subject:
Discussion and possible action to consider a Chapter 381 Economic Development Agreement between Webb County and Gateway Municipal Utility District No. 1 to jointly finance public improvements within a 3,315 acre service area (development)by contributing 75% of the property tax increment generated by service area (development) beginning with 2026 tax year collections and continue through 2054 or until all reimbursable costs are paid and any matters incident thereto; authorizing the County Judge to sign all relevant documents.
Background:
None
Previous Court Action:
Fiscal Impact
- Budget Account Number:
- n/a
- Funding Source:
- n/a
- Balance:
- n/a
Financial Impact:
75% of ad valorem increment may be paid to MUD as reimbursement from 2026-2054