Discussion and possible action to create a special revenue fund, interest bearing bank account and budget by Order for the professional service reimbursement agreement between Southwebb Development LP (Development) and the County in accordance to Texas Local Government Code, Section 111.07075. SPECIAL BUDGET FOR REVENUE RECEIVED AFTER START OF FISCAL YEAR, for advanced reimbursements and expenditures associated to PID review process subject to availability of funds; and any other matters incident thereto.

Issue: The County and Development are reviewing the creation of a Public Improvement District with advanced reimbursements for related professional services expenditures.

Solution: Create a special revenue fund, interest bearing bank account and budget for advanced reimbursements and expenditures to account the related PID review.

Result: Ensure advanced reimbursements and expenditures associated with PID review cost are tracked and reported.