2026-800 • Travis County Development Authority Voting SessionTravis County (Travis County)

Consider and take appropriate action regarding the Turners Crossing Public Improvement District, including:

Presented in: Travis County Commissioners Court Voting Session on 2026-04-28

Staff Report & Agenda Item Details

The TCDA is a non-profit local government corporation incorporated under Subchapter D of Chapter 431, Texas Transportation Code, as amended (the “LGC Act”), and Chapter 394, Texas Local Government Code, as amended, created by the Commissioners Court. Article IV of the articles of incorporation of the TCDA, as amended, (“Article IV”) authorizes the TCDA to act pursuant to and to aid, assist, and act on behalf of the County in accordance with all applicable laws and amendments thereto, including the authority to manage defined areas such as public improvement districts created under the PID Act, including the District (as defined herein), and to issue bonds to accomplish such purposes. Article IV further provides that the TCDA shall not issue bonds without the consent of the Commissioners Court. On April 24, 2018, pursuant to the PID Act and the LGC Act, the County and the TCDA entered into a Contract for Management and Administrative Services under which the TCDA agreed to manage and administer PIDs created by the Commissioners Court. On November 13,2018, 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 “Turner’s Crossing Public Improvement District” (the “District”). On May 25, 2021, the Commissioners Court and the TCDA Board of Directors approved and entered into the Amended and Restated Turner’s Crossing Public Improvement District Financing Agreement (the “Financing Agreement”). The parties to the Financing Agreement are the County, the TCDA, and Meritage Homes of Texas, LLC, an Arizona limited liability company (the “Managing Developer”). The Financing Agreement relates to the construction of the authorized improvements (the “Authorized Improvements”) within the District, including the Improvement Area #3 Projects, the maintenance of the Authorized Improvements and the payment or reimbursement of the actual costs of the Authorized Improvements with proceeds of bonds or special assessment revenues. On August 16, 2022, the Commissioners Court passed and approved a resolution (the “Boundary Amendment Resolution”) that authorized an amendment to the boundaries of the District, which Boundary Amendment Resolution was filed in the real property records of the County. On March 7, 2025, the Managing Developer submitted a request for the levy of assessments and issuance of bonds for Improvement Area #3 of the District. On November 11, 2025, the Managing Developer submitted a revised Assessment Levy and Bond Issuance Request which amended the initial request by adjusting the levy and bond issuance amount (the “Revised Request”). The Financing Agreement contemplates that upon the County’s receipt of a Bond Issuance Request, the County would confirm that the Improvement Area #3 Developer has provided evidence that the