Municipal Development District

NOTICE OF REGULAR MEETING FOR MUNICIPAL DEVELOPMENT DISTRICT THURSDAY, AUGUST 13, 2026, AT 6:00 P.M. LOCATION: 1401 FM 424, CROSS ROADS, TEXAS 76227 Call to Order 1. Roll Call 2. Citizens Input (Items on the agenda and not on the agenda) Please limit your comments to three minutes in duration, and you are restricted from passing your time or any portion of unused minutes to another citizen for comment. The Board is restricted from discussing or taking action on items not posted on the agenda. Action on your statement may be taken only at a future meeting. 3. Updates: a. Development Update. b. Financial Reports. 4. Discuss and consider approval of the July 8, 2026, MDD Special Meeting Minutes. 5. Discuss and consider approval of the FY 2027 Proposed MDD Budget. 6. Request for future agenda items. 7. Adjourn Upcoming Events: • Town Council Meeting – Monday, August 17, 2026, at 6:00 p.m. • Planning and Zoning Commission Meeting – Tuesday, September 1, 2026, at 6:00 p.m. • Municipal Development District Meeting – Thursday, September 10, 2026, at 6:00 p.m. A QUORUM OF COUNCIL MEMBERS MAY BE PRESENT. NO ACTION BY THE TOWN COUNCIL WILL BE TAKEN AT THIS MEETING. 1 CERTIFICATION: I, the undersigned authority, do hereby certify that this Public Meeting Notice was posted on the official bulletin board, at the Town Hall of the Town of Cross Roads, Texas on or before Thursday, August 6, 2026, by 5:00 p.m., in accordance with Chapter 551, Texas Government Code. As authorized by Section 551.071 of the Texas Government Code, this meeting may be convened into closed executive session for seeking confidential legal advice from the Town Attorney on any agenda item listed herein. This facility is wheelchair accessible and accessible parking spaces are available. For requests, please contact Town Hall at 940-365-9693. Reasonable accommodation will be made to assist your needs. This facility is wheelchair accessible and accessible parking spaces are available. Digitally signed by DeShawyna Walker Date: 2026.08.04 11:21:55 -05'00' DeShawyna Walker, Town Secretary I certify that the attached notice and agenda of items to be considered by the Municipal Development District of the Town of Cross Roads was removed by me from the front window of the Town of Cross Roads Town Hall, 3201 US 380, Cross Roads, Texas, on the _____ day of ________________________, 2026. _____, Title: DeShawyna Walker, Town Secretary 2  MINUTES OF REGULAR MEETING FOR MUNICIPAL DEVELOPMENT DISTRICT THURSDAY, JULY 8, 2026 AT 6:00 P.M. LOCATION: 1401 FM 424, CROSS ROADS, TEXAS 76227 Called to Order at 6:01 P.M. 1. Roll Call: President Zuczek, Vice-President Paus, and Commissioners King and Yip were present. Commissioner Coronado was absent. 2. Citizen Input for Items both ON and NOT on the Agenda None. 3. Updates: a. Development Update Town Administrator Jason Laumer gave the development update on the Bridlewood project, the upcoming Town Council Retreat, the Town’s new Code Compliance initiatives, and advised that the Town’s sales tax projections are on track, with a current fund balance of 1.9 million. 4. Discuss and consider approval of the May 14, 2026, Meeting Minutes. Motion to approve the May 14, 2026, Meeting Minutes made by Yip; Second by Zuczek; Passed unanimously. 5. Discuss and consider authorizing the Town Administrator to approve and fund an agreement with ED Suite for the Cross Roads Municipal Development District website. Motion to approve the agreement in the amount of $22,500.00 made by Paus; Second by Zuczek; Passed unanimously. 6. Discuss and consider authorizing the Town Administrator to approve and fund an agreement with Neon Cloud for MDD economic development marketing videos. Motion to approve the agreement in the amount of $24,820.00 made by Zuczek; Second by Yip; Passed unanimously. 7. Request for future agenda items. None. 8. Adjourned at 6:33 p.m. 3 _________________________ Steve Zuczek, MDD President _________________________ DeShawyna Walker, Town Secretary 4  MDD AGENDA BRIEFING SHEET Meeting Date: August 13, 2026 Agenda Item: Discuss and consider approval of the FY 2027 Proposed MDD Budget. Prepared by: Jason Laumer, Town Administrator Description: The Town prepared this proposed MDD budget book for Fiscal Year 2027. Input was considered from previous years, from MDD Board approvals, MDD President, and Town Council at the latest retreat. The MDD receives a quarter cent sales tax in revenue from sales within its boundary which is the Town Limits and the Town’s ETJ. Please see attached budget book sheets. The budgeted sales tax for fiscal year 2026 was $492,900. The Town has already collected 79% of the budgeted revenue within the first nine months of the fiscal year. The MDD currently has a fund balance of $1,920,928. The expected sales tax revenue for next fiscal year is budgeted at $522,474 or approximately a six percent increase from last year's budget. The expenses budgeted for Fiscal Year 2027 are listed in the attached budget book. Major items are as follows: Advertising and promotion: Carry over on completing the MDD website and marketing videos and a possible amending to include more videos for social along with all the stock photos of the Town. Administrative Expenses: Continuing to fund 20% of salaries for Town Administrator, Town Secretary, and Finance along with 100% of the Communications Coordinator Salary. Training and Travel: For staff and board members to continue to market the Town. MDD Business Grant: For possible future grants to any business coming into the Town in Fiscal Year 2027. Planning/Consulting: For our contract with Catalyst Commercial, GIS, ZacTax and ZacFinance. 5  MDD AGENDA BRIEFING SHEET Staff Recommended Action: Approve the FY 2027 Proposed MDD Budget Attachments: MDD Proposed Budget Sheets from Town Budget Book FY 2027 Budget Presentation 6  MUNICIPAL DEVELOPMENT DISTRICT FUND FY 2026-2027 7  TOWN OF CROSS ROADS APPROVED BUDGET FY 2026-2027 MUNICIPAL DEVELOPMENT DISTRICT FUND Municipal Development District (Fund 210 — MDD) Proposed FY 2026–2027 Revenues: $582,019 Proposed FY 2026–2027 Expenditures: $581,319 Projected Net: $700 The Municipal Development District is a Type B economic development corporation funded by a ded- icated half-cent sales tax. The MDD promotes retail attraction, business development, tourism, and quality-of-life improvements within Cross Roads. The MDD operates with its own board and budget, with administrative expenses reimbursed to the General Fund. Revenue Highlights: Sales tax receipts are projected at $522,474, based on continued growth in the Town’s retail tax base. Investment income: $39,745. Rental income from Town-owned property is budgeted at $19,800. Expenditure Highlights: Administrative expenses (reimbursement to General Fund): $184,300. Planning and consulting services: $182,000, supporting economic development strategy work. Advertising and promotion: $75,000, reflecting sustained investment in business recruitment and community marketing. MDD Business Grant program: $40,000 to attract and support local businesses. Training and travel: $15,000; software: $10,000; Parks and Marketing Committee: $10,000; rental property repair: $10,000. Debt service (principal and interest) on existing obligations: approximately $50,000. Five-Year Outlook: MDD revenues are projected to grow to approximately $689,800 by FY 2030–2031 as the retail tax base expands. Expenditures are expected to moderate significantly in the outer years as planning and consulting engagements wind down, improving the fund’s net position. 8  TOWN OF CROSS ROADS APPROVED BUDGET FY 2026-2027 MUNICIPAL DEVELOPMENT DISTRICT FUND FY 2025-2026 FY 2025-2026 FY 2025-2026 FY 2026-2027 Account Description Adopted Budget YTD Amended Budget Proposed Budget REVENUES - MUNICIPAL DEVELOPMENT FUND - 210 Sales Tax Revenue 492,900 387,469 492,900 522,474 Interest Revenue 40,000 51,493 40,000 39,745 Rental Income 19,800 17,500 19,800 19,800 Debt Proceeds - - - - Transfers In - - - - TOTAL REVENUES - MUNICIPAL DEVELOP- 552,700 456,462 552,700 582,019 MENT FUND EXPENSES - MUNICIPAL DEVELOPMENT FUND - 210 Advertising and Promotion 85,500 18,086 85,500 75,000 Parks and Marketing Committee 10,000 - 10,000 10,000 Software 10,000 - 10,000 10,000 Administrative Expenses 156,900 119,250 156,900 184,300 Property and Liability Insurance 1,500 - 1,500 1,500 Dues and Subscriptions 3,000 936 3,000 2,000 Training and Travel 17,000 16,949 17,000 15,000 MDD Business Grant 40,000 - 40,000 40,000 Planning/Consulting 260,000 112,145 260,000 182,000 Utilities 1,500 - 1,500 1,500 Property Taxes - - - - Rental Property Repair 10,000 5,654 10,000 10,000 Debt Principal 36,612 26,206 36,612 37,677 Debt Interest 13,408 11,309 13,408 12,342 Debt Issuance Costs - - - - Capital Improvements - - - - Transfers Out - - - - TOTAL EXPENSES - MUNICIPAL DEVELOP- 645,419 310,534 645,419 581,319 Net Income (92,719) 145,928 (92,719) 700 9 FY 2027 Budget 10 FY 2027 MDD 11 MDD Balance Sheet 12 3 MDD Revenue and Expense 13 4 MDD Revenue and Expense 14 5 MDD Revenue and Expense 15 6  Financials • Revenue on track with budget • Monthly sales tax • Transfers • ICSC Red River February 2027 • ICSC National May 2027 • Retail Live September 2027 MDD Budget • Consultant Catalyst ($50K) • One Page Flyer • Booklet • Projects Started • Roadway Impact Fee Program • GIS Program • Town Park Master Plan • Projects for Summer/Fall 2026 • Website • LinkedIn • Marketing Videos • MDD Marketing Map (w/GIS) 16 7  FY 27 Proposed MDD Fund Newsletter - $20K MDD Key Expenses GIS Program - $35K ZacTax ($5K) & ZacFinance ($18K) Websites ($27K) & Marketing ($30K) Parks and Market Committee - $10K 17  FY 27 Proposed MDD Fund 20% of the salaries of the Town 100% of the Administrator, Town Communications Secretary, and Coordinator Salary. Accounting Technician. 9% of the property Total budgeted management rent reimbursement - ($3,000) $184,300 18  Expense Line FY 2027 Administrative Reimbursement to GF $184,300 Planning & Consulting Services $182,000 Advertising & Promotion $75,000 Debt Service (Principal & Interest) $50,019 MDD Key MDD Business Grant Program $40,000 Expenses Training & Travel $15,000 Software $10,000 Parks & Marketing Committee $10,000 Rental Property Repair $10,000 Dues, Insurance & Utilities $5,000 Total MDD Expenditures $581,319 19 MDD Reimbursement Calculation Component Amount Town Administrator, Town Secretary & Accounting Technician — combined salary & $503,436 benefits 20% allocation of those three positions to MDD $100,687 Communications Coordinator — full salary & benefits $80,637 Subtotal (rounded to nearest $100) $181,300 9% of Property Management rent $3,000 Total FY 2027 MDD Reimbursement to General Fund $184,300 20 FY 27 Proposed MDD Fund 21 22