Receive comments regarding the proposed assessments on Improvement Area #1 Tract C-4, Improvement Area #1 Tract C-13, and Improvement Area #3 of the WildHorse Ranch Public Improvement District. (Commissioner Travillion)

Staff Report & Agenda Item Details

On August 9, 2016, the Commissioners Court, pursuant to and in accordance with the terms, provisions, and requirements of the Public Improvement District Assessment Act, Chapter 372, Texas Local Government Code (the “PID Act”), established the WildHorse Ranch Public Improvement District (the “District”) through a resolution adopted by the Commissioners Court.<br id="isPasted"> <br>The County entered into a Contract for Management and Administrative Services dated April 24, 2018, in which the TCDA agreed to provide management and administrative services for PIDs created by the Commissioners Court, including this Distict.<br><br>On July 12, 2022, the Commissioners Court and the TCDA Board of Directors each approved a financing agreement (the “Financing Agreement”) for the District. The parties to the Financing Agreement included the County, the TCDA, and Titan Texas Development, LLC, a Delaware limited liability company (“Titan”).  <br> <br>On January 24, 2025, Titan submitted a request for the levy of assessments on Improvement Area #3 of the District.  The PID analysis provides a requested assessment amount of $8,735,000. For purposes of the assessment levy, the portion of the levy request that includes two commercial parcels located within Improvement Area #1 has been reclassified as “Improvement Area #1 Tract C-4, Improvement Area #1 Tract C-13”, to more clearly identify the improvements in question. <br><br>On February 3, 2026, the Commissioners Court approved setting a public hearing date for February 24<sup id="isPasted">th </sup>, 2026  to consider an order levying assessments on property within Improvement Area #1 Tract C-4, Improvement Area #1 Tract C-13, and Improvement Area #3 of the District (the “Assessments”). The PID Act requires that a public hearing be held before assessments can be levied against the assessable property within the District. The proposed assessment roll for Improvement Area #1 Tract C-4, Improvement Area #1 Tract C-13, and Improvement Area #3 is on file with the Travis County Tax Assessor-Collector’s Office. A notice of public hearing was mailed to the landowners on February 5^th, 2026, and notice was published in the <em>Austin American Statesman</em> on February 10^th, 2026.