Hunters Crossing Local Government Corporation Board Meeting

HUNTERS CROSSING LOCAL GOVERNMENT CORPORATION MINUTES September 28, 2016, 6:00 PM The Hunters Crossing Local Government Corporation Board met on September 28, 2016, at Bastrop City Hall located at 1311 Chestnut Street, Bastrop, Texas. Board members in attendance were Marvin Townsend, Bill Peterson, Carolyn Smith, Brandon Johnson, and James Kershaw. Also in attendance were Trey Job, Tracy Waldron, and Heather Ambrose. Brian Rider and Ryan Gray were absent. Members of the public in attendance were Daniel Wilson, Anthony Boehn, Collie Murray, Kay Wesson (for Howard Schain Properties), and Carlos Liriano. 1. Call Meeting to Order. Board Chair Marvin Townsend called the meeting to order at 6:00 p.m. with a quorum being present. 2. Public Comments. There were no public comments. Items 4 and 5 were heard out of order from the posted agenda: 4. CONDUCT A PUBLIC HEARING: The Board of Directors of Hunters Crossing Local Government Corporation of Bastrop, Texas will conduct a “Public Hearing” on the proposed Fiscal Year 2017 Budget and Fiscal Year 2017 Operations and Maintenance Assessment for the Hunters Crossing Public Improvement District. Chief Financial Officer Tracy Waldron advised that a public hearing is required for the approval of the Fiscal Year 2017 budget and assessments. The handouts provided gave the budget projections for the remainder of FY2016 and the proposed budget for FY2017, as well as a snapshot of the various funds (including M & O and Capital). Ms. Waldron explained that one of the highlights of the budget includes additional M & O revenue due to the multifamily lot that was sold in 2015. There is also increased capital fund revenue generated from the per-lot fee on single-family residential as it increased from $301 to $319 per lot. The M & O rate for multifamily rate was lowered to 0.0317 per square foot, which is what the commercial lots pay. Ms. Waldron brought to the group’s attention that for FY 2017, there aren’t many changes. However, $80,000 was included in “miscellaneous” projects for the estimated cost of the planned drainage work (pending the engineering and surveying results). Ms. Waldron estimates that the M&O balance for the end of FY17 will be about $34,294. Ms. Waldron asked for questions from staff and Board members that were present. Public Works Director Trey Job asked for confirmation that the multifamily rate was lowered to match the commercial rate and Ms. Waldron said that was correct. Ms. Waldron advised there will be an additional $18.00 due to the capital increase only.