Bill > HB5658

This bill creates the Craver Ranch Municipal Management District No. 1, a special district located in Denton County, Texas, covering approximately 2,801.468 acres. The district is established to promote economic development, improve infrastructure, and provide services to the area. Key provisions include establishing a five-member board of directors, granting the district the ability to issue bonds, impose assessments, and potentially exercise limited eminent domain powers. The district cannot levy ad valorem taxes and is designed to supplement, not replace, existing city services. The district requires a development agreement with the City of Denton before exercising its powers and can be dissolved under certain conditions, such as by petition from landowners or board vote. The district's purposes include developing and diversifying the local economy, creating jobs, enhancing transportation and commerce, and providing infrastructure like water, wastewater, drainage, roads, and recreational facilities. The district may also engage in economic development programs, create a nonprofit corporation to assist with its mission, and develop parking facilities. Importantly, the district's creation and powers are contingent on municipal consent and must align with specific constitutional provisions related to local government and special districts.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5658