What you need to know
The resolution would allow the MUD to issue two bonds–$3.57 million in unlimited tax bonds and $2.8 million in unlimited tax park bonds, which would be used to finance infrastructure and recreational facilities within the district, according to agenda documents.
In Texas, a MUD is a political subdivision of the state that provides utility services like water, sewer and drainage to a specific area, typically outside city limits, according to the Texas Comission on Environemntal Quality’s website.
Under a utility agreement between the city and the district, City Council must vote approve to bond sales before they move forward. Then, they can be sold to investors May 28, according to agenda documents.
The district's current outstanding debt after the proposed issuance would be $28.44 million, equating to a debt ratio of 7.18% based on the district’s certified 2024 tax base of roughly $396 million, and 6.39% based on projected values as of March 2025, according to agenda documents.
What else
City Council will also vote to award contracts for the purchase of new equipment for the fire department, waterline repair and the repair a critical sewage pump at the Dallas Salmon Wastewater Treatment Plant, according to agenda documents.
Stay tuned
League City City Council will meet at 6 p.m. May 13 at City Chambers, 200 W. Walker St., League City.
