Municipal Development District

NOTICE OF REGULAR MEETING July 22, 2026 SHENANDOAH MUNICIPAL DEVELOPMENT DISTRICT STATE OF TEXAS AGENDA COUNTY OF MONTGOMERY CITY OF SHENANDOAH NOTICE IS HEREBY GIVEN that a Meeting of the Shenandoah Municipal Development District will be held on Wednesday, July 22, 2026 at 5:00 p.m. for the purpose of considering the following: 1. CALL TO ORDER 2. CALL OF ROLL 3. CITIZENS INQUIRY Responses to inquiries are limited by state law to a recitation of existing policy or a statement of specific factual information given in response to the inquiry. Any deliberation or decision by the Board shall be limited to a proposal to place the subject on the agenda of a future meeting. 4. Presentation of the MDD cash flow report. 5. Discussion regarding the 2026-2027 operating budget and capital projects. 6. Discussion and possible action to approve the 2026-2027 MDD budget. 7. Discussion and possible action to approve funding for a change order for the David Memorial Drive at Tamina Road Intersection Improvement Project. 8. Discussion and possible action to adopt the minutes of the February 25, 2026 regular meeting. DIRECTORS’ INQUIRY Pursuant to Texas Government Code Section 551.042, members of the City Council or any board or commission subject to the Open Meetings Act may inquire about a subject not listed on this agenda. Responses must be limited to statements of fact or recitations of policy. Deliberation or action must be limited to a proposal to place the item on a future agenda. The presiding officer may limit time and scope of inquiries to maintain meeting order and ensure compliance with the Open Meetings Act. EXECUTIVE SESSION Public notice is given that the City Council, or any board or commission subject to the Texas Open Meetings Act, may convene in Executive Session at any time during the meeting to discuss matters listed on the agenda when authorized by the provisions of Chapter 551 of the Texas Government Code. Executive Session may be used to receive legal advice or to discuss personnel matters, land acquisition, or other matters permitted under the Act. The body may retire into Executive Session concerning any item listed on the agenda whenever it is deemed necessary and legally justified. Prior to entering into Executive Session, the presiding officer will Municipal Development District Board Meeting Wednesday, July 22, 2026 Page 1 of 2  publicly announce the applicable agenda item and the Section or Sections of Chapter 551 that authorize the closed discussion. ADJOURN There is the potential for a quorum of City Council members to be present at this meeting. City Hall is wheelchair accessible. A sloped entry is available at the entrance with specially marked parking spaces available. Requests for accommodation or interpretive services must be made 48 hours prior to this meeting. Please contact the City Secretary’s office at (281) 298-5522 or Fax (281) 367-2225 for further information. I, Courtney Clary, City Secretary, do hereby certify that the above Notice of Meeting of the governing body of the City of Shenandoah is a true and correct copy of said Notice and that I posted a true and correct copy of said Notice on the bulletin board at City Hall, a place convenient and readily accessible to the general public at all times. Said Notice was posted on July 16, 2026, at 5:30 p.m., and remained so posted continuously for at least three business days preceding the scheduled time of said meeting in accordance with Chapter 551 of the Texas Government Code, as amended by H.B. 1522. ________________________________________ Courtney Clary, Assistant Secretary Municipal Development District Board Meeting Wednesday, July 22, 2026 Page 2 of 2  MDD Cash Flows 2025-2026 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Beginning Cash 5,171,859 5,366,206 5,535,611 5,622,653 5,796,880 6,062,209 6,203,913 6,358,275 6,521,222 6,740,252 6,714,667 6,689,081 Revenues 237,932 263,587 260,098 258,561 317,965 261,698 371,868 307,145 286,107 - - - Sales Tax 221,240 247,183 243,390 241,832 302,401 243,766 353,965 292,386 267,119 Bank Interest 16,691 16,405 16,707 16,729 15,564 17,932 17,904 14,760 18,988 Developer's Contribution - - - - - - - - - MDD Fund Expenses 7,500 68,596 147,471 58,749 27,051 94,409 191,920 118,614 41,492 - - - Operating 7,500 - 8,400 4,200 4,200 4,200 4,200 4,200 4,200 MDD Capital - 68,596 139,071 54,549 22,851 90,209 187,720 114,414 37,292 Equipment Replacement Purchases - - - - - - - - - MDD Expenses - Transfers Needed 36,085 25,585 25,585 25,585 25,585 25,585 25,585 25,585 25,585 25,585 25,585 25,585 GF Capital 10,500 - - - - - - - - - WS Capital - - - - - - - - - - GF Fees 25,585 25,585 25,585 25,585 25,585 25,585 25,585 25,585 25,585 25,585 25,585 25,585 Ending Cash 5,366,206 5,535,611 5,622,653 5,796,880 6,062,209 6,203,913 6,358,275 6,521,222 6,740,252 6,714,667 6,689,081 6,663,496 Required Reserve Balance 376,925 376,925 376,925 376,925 376,925 376,925 376,925 376,925 376,925 376,925 376,925 376,925 Parks & Pools Equipment Replacement Balance 419,444 419,444 419,444 419,444 419,444 419,444 419,444 419,444 419,444 419,444 419,444 419,444 Available Cash Less Required Reserve Balance* & Equipment Replacement Contribution 4,569,836 4,739,242 4,826,284 5,000,511 5,265,839 5,407,544 5,561,906 5,724,852 5,943,883 5,918,297 5,892,712 5,867,127 *Reserve balance currently set at 100% per policy Available Cash Less Allocated Projects** (116,681) 52,725 139,766 313,994 579,322 721,026 875,389 1,038,335 1,257,365 1,231,780 1,206,194 1,180,609 **Negative Available Cash Less Allocated Projects is a result of revenues pending and whole project costs being applied. The City engages in progress billing of all projects which allows a cash flow to balance monthly. This is not the ending cash on hand. Allocated Projects - Balance (Adjusts Every Month) 4,686,518 IDC Rework 16,999 Storm Collection on Re-Development Zone 382,699 East Pond Drainage Channel 283,190 David Memorial/Tamina Road Improvements 437,169 North Tamina/CISD Drainage Study 21,511 Additional Parking at Main Park 6,092 Southbound I-45 Feeder U-Turn - Design 16,078 Sediment Removal & Maintenance - Oak Haven Detention Pond 150,000 Tamina Rd. Widening - City Portion (Partial) 1,900,000 Shenandoah Park Asphalt Replacement 1,472,780  Shenandoah Municipal Development District AGENDA REPORT AGENDA DATE: July 22, 2026 ITEM NUMBER: 5 DEPARTMENT: Finance PREPARED BY: Lisa A. Wasner 2026 – 2027 MDD Proposed Budget; PRICING: EXHIBITS: Project Cash Flow SUBJECT/PROCEEDING: Discussion of 2026 – 2027 Proposed MDD Budget RECOMMENDED ACTION: Discussion Only BACKGROUND/DISCUSSION: Every year, the Shenandoah Municipal Development District must produce an annual budget. City staff help prepare the budget document, including recurring costs, and provide an anticipated surplus/deficit. The following projects are eligible for MDD funding and to be decided prior to the adoption of the budget: MDD ELIGIBLE PROJECTS 2026-2027 Road Improvements - Possible Add'l Funding Needed 500,000 Pool Slide Replacement & Other Improvements - Design Only 75,000 TOTAL PROJECT COSTS 575,000 Staff also took notes from the joint workshop to update the project funding plan's cash flow for the 2026-2027 budget year and the following 10 years. APPROVALS: DEPARTMENT HEAD Lisa A. Wasner DATE: July 15, 2026 CITY ADMINISTRATOR Sam Masiel DATE: July 15, 2026 Page 1 Revised 05/18  2026 - 2027 Proposed MDD Operating Budget 801-00 MDD Revenue 2026 - 2027 2025 - 2026 2025-2026 2024 - 2025 2024-2025 2023 - 2024 2023-2024 Proposed Adopted YTD Adopted Actual Budgeted Actual 801-00-51-513000 Sales Tax 2,833,146 2,698,234 1,677,740 2,619,645 2,898,347 2,543,345 2,781,483 Description Units Price Amount Based on Historical Trends 1 2,833,146 2,833,146 100-00-56-561000 Interest 15,000 15,000 117,932 35,000 131,544 35,000 200,231 801-00-49-491000 Developer Contribution/Fees - 2,500,000 - - 31,195 - 3,575,000 Description Units Price Amount - - - Revenue Total 2,848,146 5,213,234 1,795,672 2,654,645 3,061,086 2,578,345 6,556,714 801-15 MDD Expense 2026 - 2027 2025 - 2026 2025-2026 2024 - 2025 2024-2025 2023 - 2024 2023-2024 Proposed Adopted YTD Adopted Actual Budgeted Actual 801-15-62-621000 Consulting/Professional Services 21,400 - - - - - - Description Units Price Amount Grant Assistance Retainer 12 700 8,400 Grant Assistance Special Work 2 6,500 13,000 801-15-62-620700 Economic Development Partnership 7,500 7,500 7,500 7,500 7,500 7,500 7,500 Description Units Price Amount The Woodlands Area Economic Development Partnership 1 7,500 7,500 801-15-67-670300 Public Relations 1,000 1,000 - 1,000 - 1,000 - Description Units Price Amount Business Development 1 1,000 1,000 801-15-67-672000 Engineering 61,400 61,400 25,200 61,400 54,600 45,608 32,737 Description Units Price Amount Retainer 12 4,200 50,400 Engineering Services 1 11,000 11,000 801-15-62-621300 Legal Notices 1,000 1,000 - 1,000 - 1,000 - 801-15-68-681100 Transfer to General Operating 319,579 307,025 - 294,251 292,646 269,854 271,443 Description Units Price Amount Financial Audit 1 5,700 5,700 75% Capital Projects Personnel Costs 1 126,479 126,479 10% Administration Personnel Costs 1 65,740 65,740 10% Finance Personnel Costs 1 42,442 42,442 25% Legal 1 36,000 36,000 25% Technology Fees 1 43,218 43,218 801-15-68-681400 Transfer to Capital Projects - 6,060,000 - 363,300 537,350 1,760,000 1,760,000 Description Units Price Amount 801-15-69-690200 Transfer to Equipment Replacement 146,253 146,253 146,253 146,253 146,253 146,253 146,253 Description Units Price Amount Parks & Pool Equipment Replacement 1 146,253 146,253 Expense Total 558,132 6,584,178 178,953 874,704 1,038,349 2,231,215 2,217,933 Surplus/(Deficit) 2,290,014 (842,303) 1,616,719 1,779,941 2,022,737 347,130 4,338,781  10 Year Shenandoah MDD Capital Improvement Plan Updated After Last Meeting DRAFT - MDD 07.22.26 Meeting Project ID Project Project Total Prior 2026 2027 2028 2029 2030-2034 19-00-01 IDC Revisions & Southbound Feeder Plan 120,000 $ 98,839 21,161 - 23-30-02 Storm Collection on Re-Development Zone 435,976 $ 29,150 406,826 - 23-30-13 East Pond Drainage Channel 290,000 $ 6,810 283,190 - 23-30-03 David Memorial at Tamina Intersection Improvements 287,624 $ 43,425 244,199 - 24-30-10 North Tamina/CISD Regional Drainage Study 152,150 $ 87,485 64,665 - 25-30-07 Southbound I-45 Feeder U-Turn Lane Expansion - Design 55,000 $ 9,380 45,620 - 25-30-03 Main Park - Additional Parking 256,108 $ 22,897 233,211 - 26-30-02 Sediment Removal - Oak Haven Detention Pond 150,000 150,000 - 26-30-04 Tamina Road Widening - County Funded - City Obligation 1,900,000 1,900,000 - 26-30-05 Shenandoah Park Asphalt Replacement 1,500,000 1,500,000 - 00-00-00 David Memorial Drive Extension - Phase 3 - County Funded 2,000,000 2,000,000 - 00-00-00 City Entrance Sign - David Memorial 75,000 75,000 - 00-00-00 Research Fores & Pinecroft Road Repair 17,500 17,500 - 00-00-00 Road Improvement - Possible Add'l Funding 500,000 - 00-00-00 Pool Amenity Update 250,000 75,000 175,000 - 00-00-00 David Memorial Pathway 700,000 700,000 - 00-00-00 Ed English Asphalt Replacement 1,250,000 187,500 1,062,500 - 00-00-00 North Tamina/CISD Regional Drainage Improvements 12,500,000 1,500,000 11,000,000 00-00-00 David Memorial (Tamina to Oak Ridge School) 3,000,000 450,000 2,550,000 00-00-00 Pool Deck Replacement 200,000 200,000 - 00-00-00 Commercial Pathways 500,000 500,000 00-00-00 Research Forest Repaving 6,600,000 6,600,000 00-00-00 Pool Roof Replacement 50,000 50,000 Subtotal $ 32,289,358 $ 297,986 $ 6,941,372 $ 575,000 $ 1,062,500 $ 3,212,500 $ 20,700,000 Cashflow Projection for CIP Beginning Cash 5,171,859 2,420,543 4,695,557 7,038,822 9,452,384 Budgeted Revenues 2,713,234 2,833,146 2,918,140 3,005,685 16,436,315 Special Revenues* 2,000,000 - - - - Operating Expenses 523,178 558,132 574,876 592,122 3,237,967 Equipment Replacement 419,444 553,106 699,359 845,612 4,624,153 Operating Reserves 376,925 411,879 428,623 445,869 (1,386,186) Cash Available for Capital Projects 8,984,990 4,283,678 6,610,199 $9,006,515 $24,036,918 CIP Approved Projects 6,941,372 - - 20,700,000 Ending Cash $ 6,057,589 2,420,543 $4,695,557 $7,038,822 $9,452,384 1,950,732 *Special Revenues Montgomery County Funding - David Memorial Extension - Phase 3 $ 2,000,000 Subtotal $ 2,000,000 $ - $0 $0 $0  Shenandoah Municipal Development District AGENDA REPORT AGENDA DATE: July 22, 2026 ITEM NUMBER: 6 DEPARTMENT: Finance PREPARED BY: Lisa A. Wasner PRICING: EXHIBITS: SUBJECT/PROCEEDING: Adoption of the 2026-2027 MDD Budget RECOMMENDED ACTION: Staff Recommends MDD Adopt the 2026-2027 Budget BACKGROUND/DISCUSSION: This is to adopt the operating and capital budget for the 2026-2027 fiscal year. The budget will be adopted with the projects approved in the discussion item prior to this agenda item. APPROVALS: DEPARTMENT HEAD Lisa A. Wasner DATE: July 15, 2026 CITY ADMINISTRATOR Sam Masiel DATE: July 15, 2026 Page 1 Revised 05/18  Shenandoah Municipal Development District AGENDA REPORT AGENDA DATE: July 22, 2026 ITEM NUMBER: 7 DEPARTMENT: Public Works PREPARED BY: Rual Porras PRICING: $24,050.00 EXHIBITS: Change Order No. 1 SUBJECT/PROCEEDING: Change order No. 1 for the David Memorial Dr & Tamina Rd Intersection Improvements project. RECOMMENDED ACTION: Staff recommends approval of funding for the change order. BACKGROUND/DISCUSSION: Northstar Traffic & Montgomery County Engineering changed their design standards for the traffic signal since the project was awarded. The back plate material now must be aluminum vented; it requires the signal and conduit to be upsized. Cost $14,050.00. This project didn’t have a cash allowance bid item. Staff recommends including a $10,000.00 cash allowance for contingencies. The total amount requested on this change order is $24,050.00. The change order was presented to City Council and approved at their last meeting to avoid production delays. APPROVALS: DEPARTMENT HEAD Rual Porras DATE: July 16, 2026 CITY ADMINISTRATOR Sam Masiel DATE: July 16, 2026 Page 1 Revised 05/18  OWNER: City of Shenandoah BE Project # 13204 CHANGE ORDER NO. 1 DATE: 6/25/2026 David Memorial at Tamina Intersection Improvements C/O NO. 1 Contractor: Roma Construction LLC Original Change in Item Description Contract Revised Qty Change in Qty Unit Price Contract Amount Qty. To provide revised material components to meet code per request from Northstar Traffic and Montgomery County Engineering; Regulations have been updated since this project was designed; The original Contract Items that are no longer needed have been removed from the Contract: Changes in Scope: CO 1.1 Provide & install 3" SCH 80 Conduit 0 LF 30 LF 30 LF $35.00 $1,050.00 B.18 Provide & Install 2" SCH 80 Conduit 30 LF 0 LF (30) LF $20.00 ($600.00) CO 1.2 Provide & Install Aluminum Vented Back Plate with Reflective Border (3 0 EA 8 EA 8 EA $1,850.00 $14,800.00 SEC) B.33 Provide & Install Backplate with Reflective Border (3 SEC) 8 EA 0 EA (8) EA $700.00 ($5,600.00) CO 1.3 Provide & Install Aluminum Vented 0 EA 4 EA 4 EA $1,700.00 $6,800.00 Back Plate with Reflective Border (4 SEC) B.34 Provide & Install Backplate with 4 EA 0 EA (4) EA $600.00 ($2,400.00) Reflective Border (4 SEC) Total Base Items of Work: $14,050.00 Total of This Change Order No. 1 $14,050.00 + Original Contract Amount $224,494.00 = Current Contract Amount $238,544.00 Section 00675: Page 2 of 2  MINUTES OF SPECIAL MEETING FEBRUARY 25, 2026 SHENANDOAH MUNICIPAL DEVELOPMENT DISTRICT The meeting was called to order by President Ron Raymaker at 5:30 p.m. Board members present, Director Jim Wallace, Director Barry Millenson, Director Ted Fletcher and Director Joanna Gonzalez. City Secretary Courtney Clary, City Attorney Bill Ferebee, Finance Director Lisa Wasner, Police Chief Troye Dunlap, Community Development Director Jackie Thompson, CVB Director John Mayner, Assistant Public Works Director Rual Porras, and IT Manager Chris Grizzaffi were also present. 1. CALL TO ORDER President Raymaker called the meeting to order at 5:30 p.m. 2. CALL OF ROLL President Raymaker stated for the record that all Board Members were present. 3. CITIZENS INQUIRY Citizens are invited to speak for three (3) minutes on matters relating to city government that relate to agenda or non-agenda items. Speakers are asked to approach the podium and give their name and address before sharing their comments. In accordance with the Texas Open Meetings Act, responses to citizen comments by members of the City Council, or any board or commission subject to the Act, are limited to statements of specific factual information or recitations of existing policy. Any deliberation or decision shall be limited to a proposal to place the subject on a future agenda. President Raymaker stated for the record that there were no citizens wishing to speak. INDIVIDUAL CONSIDERATION: 4. Presentation of the MDD monthly cash flow report. To view the presentation, please click HERE 5. Presentation of the monthly Capital Project report. To view the presentation, please click HERE 6. Discussion and possible action to approve the 2026-2027 MDD Budget calendar. MDD Meeting Minutes February 25, 2026 Page 1 of 3  MINUTES OF SPECIAL MEETING FEBRUARY 25, 2026 SHENANDOAH MUNICIPAL DEVELOPMENT DISTRICT DIRECTOR FLETCHER MADE A MOTION TO APPROVE THE 2026-2027 MDD BUDGET CALENDAR, DIRECTOR MILLENSON SECONDED. THE MOTION CARRIED 5/0. 7. Discussion and possible action to approve allocated project funds. DIRECTOR MILLENSON MADE A MOTION TO APPROVE ALLOCATED PROJECT FUNDS FOR THE DAVID MEMORIAL ENTRANCE SIGN, THE POOL AMENITY UPDATE, AND THE POTHOLES, DIRECTOR RAYMAKER SECONDED. THE MOTION CARRIED 5/0. 8. Discussion and possible action to adopt the minutes of the November 19, 2025 Special meeting. DIRECTOR WALLACE MADE A MOTION TO ADOPT THE MINUTES OF THE NOVEMBER 19, 2025 SPECIAL MEETING, DIRECTOR FLETCHER SECONDED. THE MOTION CARRIED 5/0. 9. Discussion and possible action to ratify the accounts payable for November and December 2025, as well as January 2026. DIRECTOR FLETCHER MADE A MOTION TO RATIFY THE ACCOUNTS PAYABLE FOR NOVEMBER AND DECEMBER 2025, DIRECTOR WALLACE SECONDED. THE MOTION CARRIED 5/0. DIRECTORS’ INQUIRY Pursuant to Texas Government Code Section 551.042, members of the City Council or any board or commission subject to the Open Meetings Act may inquire about a subject not listed on this agenda. Responses must be limited to statements of fact or recitations of policy. Deliberation or action must be limited to a proposal to place the item on a future agenda. The presiding officer may limit time and scope of inquiries to maintain meeting order and ensure compliance with the Open Meetings Act. President Raymaker noted that there were no inquiries from the Directors. EXECUTIVE SESSION Public notice is given that the City Council, or any board or commission subject to the Texas Open Meetings Act, may convene in Executive Session at any time during the meeting to discuss matters listed on the agenda when authorized by the provisions of Chapter 551 of the Texas Government Code. Executive Session may be used to receive legal advice or to discuss personnel matters, land acquisition, or other matters permitted under the Act. MDD Meeting Minutes February 25, 2026 Page 2 of 3  MINUTES OF SPECIAL MEETING FEBRUARY 25, 2026 SHENANDOAH MUNICIPAL DEVELOPMENT DISTRICT The body may retire into Executive Session concerning any item listed on the agenda whenever it is deemed necessary and legally justified. Prior to entering into Executive Session, the presiding officer will publicly announce the applicable agenda item and the Section or Sections of Chapter 551 that authorize the closed discussion. ADJOURN There being no further business, President Raymaker adjourned the meeting at 6:04 p.m. SUBMITTED BY: DATE APPROVED: Courtney Clary, City Secretary James C. Wallace, President MDD Meeting Minutes February 25, 2026 Page 3 of 3