This entry was posted on Monday, January 7th, 2019 at 5:00 AM and is filed under City government. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
It’s another one of those economic development tools.
The MMD Board can levy additional taxes on the properties within the boundaries and I believe issue bonds that the property owners in the MMD are responsible for. I believe the Montecillo is an MMD
What a municipal management district?
Municipal management districts are political subdivisions of the state created to promote, develop, encourage, and maintain employment, commerce, transportation, housing tourism, recreation, arts, entertainment, economic development, safety, and the public welfare within a defined area.
What does this management district propose to accomplish?
While each district sets its own priorities based on community needs, all may provide supplemental services for advertising, economic development, business recruitment, promotion of health and sanitation, public safety, traffic control, recreation, and cultural enhancement. Management districts may also provide for the construction or maintenance of landscaping, lighting, signs, streets, walkways, drainage, solid waste, water, sewer, power facilities, parks, historic areas, works of art, parking facilities, transit systems, and other similar improvements. In addition, the district can facilitate the financing of infrastructure construction and reconstruction.
You do realize that it’s LITERALLY easier to decipher ancient Sumerian texts than it is to decode this nonsense? This is why lawyers get paid obscenely large amounts of coinage. It’s because they’ve invented their own language – legalese.
The Great Wolf Resort deal is not done, but the deal to give Paul Foster more than 2,000 acres of public land in exchange for his 40 acres is going forward. The City is hard at work on legislation to help Foster with tax incentives for the development of that 2,000 acres.
This is to give the city blanket authority over the 2313 acres that are now owned by Paul Foster. This legislation would allow the city to literally provide Foster with tax breaks, incentives etc not normally available to other developers. This does in facr, greatly appreciate this parcel of land with no effort or investment from the owner. Further, this bypasses any public hearings or comments so the citizenry is given zero opportunity to voice concern or support.
When there is money to be made by Paul and Woody, city council and city management develop a real sense of urgency. When their masters speak, they ask how high and how fast. The resolution says point blank that they’re not even waiting for the land swap transaction to close before spending our resources and money to lobby for legislation that benefits Foster. You get the feeling they are racing to snap the ball before someone throw an objection flag.
Another type of taxing entity which could also, presumably, float municipal bonds to finance infrastructure.
Popular in Houston which does not have zoning.
We need to watch this very closely. Why do they need this in addition to a TIRZ? Does this also extend into the county or will there be annexations (which require a 5 year notice of intent)?
And they want to proceed spending money to set it up before the deal is closed? Would those costs be reimbursed to the city by the management district?
elpasospeak 
It’s another one of those economic development tools.
The MMD Board can levy additional taxes on the properties within the boundaries and I believe issue bonds that the property owners in the MMD are responsible for. I believe the Montecillo is an MMD
What a municipal management district?
Municipal management districts are political subdivisions of the state created to promote, develop, encourage, and maintain employment, commerce, transportation, housing tourism, recreation, arts, entertainment, economic development, safety, and the public welfare within a defined area.
What does this management district propose to accomplish?
While each district sets its own priorities based on community needs, all may provide supplemental services for advertising, economic development, business recruitment, promotion of health and sanitation, public safety, traffic control, recreation, and cultural enhancement. Management districts may also provide for the construction or maintenance of landscaping, lighting, signs, streets, walkways, drainage, solid waste, water, sewer, power facilities, parks, historic areas, works of art, parking facilities, transit systems, and other similar improvements. In addition, the district can facilitate the financing of infrastructure construction and reconstruction.
LikeLike
I think the long and short of it is that we the taxpayers are fooked.
LikeLike
You do realize that it’s LITERALLY easier to decipher ancient Sumerian texts than it is to decode this nonsense? This is why lawyers get paid obscenely large amounts of coinage. It’s because they’ve invented their own language – legalese.
LikeLike
😜🤣😂
LikeLike
Translation
The Great Wolf Resort deal is not done, but the deal to give Paul Foster more than 2,000 acres of public land in exchange for his 40 acres is going forward. The City is hard at work on legislation to help Foster with tax incentives for the development of that 2,000 acres.
LikeLiked by 1 person
It means that we’re not only bending over backwards to help Mr. Foster out, we’re bending over forwards, too.
LikeLiked by 2 people
This is to give the city blanket authority over the 2313 acres that are now owned by Paul Foster. This legislation would allow the city to literally provide Foster with tax breaks, incentives etc not normally available to other developers. This does in facr, greatly appreciate this parcel of land with no effort or investment from the owner. Further, this bypasses any public hearings or comments so the citizenry is given zero opportunity to voice concern or support.
LikeLiked by 1 person
Another transfer of public wealth into private hands.
LikeLike
When there is money to be made by Paul and Woody, city council and city management develop a real sense of urgency. When their masters speak, they ask how high and how fast. The resolution says point blank that they’re not even waiting for the land swap transaction to close before spending our resources and money to lobby for legislation that benefits Foster. You get the feeling they are racing to snap the ball before someone throw an objection flag.
LikeLike
This came to my email from a regular reader:
Another type of taxing entity which could also, presumably, float municipal bonds to finance infrastructure.
Popular in Houston which does not have zoning.
We need to watch this very closely. Why do they need this in addition to a TIRZ? Does this also extend into the county or will there be annexations (which require a 5 year notice of intent)?
And they want to proceed spending money to set it up before the deal is closed? Would those costs be reimbursed to the city by the management district?
A lot of questions, indeed!
LikeLiked by 1 person