The details
League City City Council will consider approving the sale and issuance of a bond not to exceed $5 million or Galveston County Municipal Utility District No. 73 at its Oct. 14 meeting.
The funds will be used for road infrastructure—built by Houston-based developer Lennar Homes of Texas Land and Construction—in the MUD, including intersections in the Samara neighborhood and Erwin Street, according to city documents.
By the numbers
The MUD's taxable value jumped to $160.8 million in 2025—a 230% increase from its value of $48.8 million in 2024, according to city documents.
The bond plan assumes a 5% interest rate, including 12 months of capitalized interest and up to five years of developer interest.
The bond closing is scheduled for Nov. 13, pending approval at the Oct. 14 meeting.
Stay tuned
The council will meet at 6 p.m. Oct. 14 at Council Chambers, 200 W. Walker St., League City.
