Bill > HB5696

This bill creates The Reserve Municipal Management District in Mansfield, Texas, as a special district with the authority to provide public services, improvements, and economic development initiatives. The district will be governed by a five-member board of directors elected to staggered four-year terms and can impose assessments, collect taxes, and issue bonds after voter approval. The district's primary purposes include promoting economic development, improving infrastructure, creating pedestrian ways, developing parking facilities, and enhancing the area's commercial and recreational potential. The district is specifically designed to supplement, not replace, existing city services and can engage in activities like making economic development grants, providing services, and joining charitable organizations. Importantly, the district cannot exercise eminent domain powers and must obtain municipal consent before issuing bonds. The initial district territory covers approximately 173.667 acres, and the district can be dissolved under specific conditions, such as when it has no outstanding debt or contractual obligations. The bill emphasizes that the district serves public purposes by developing the local economy, creating jobs, and improving transportation and commerce.