2026-1329 • Travis County Development Authority Voting SessionTravis County (Travis County)

Consider and take appropriate action relating to the Turner’s Crossing Public Improvement District, including A). A resolution approving and authorizing a Funding Agreement and an Acquisition and Reimbursement Agreement for Improvement Area #4 of the Turner’s Crossing Public Improvement District; and B) A resolution recognizing a PID Bond Issuance Request for the payment of the eligible costs of t

Presented in: Travis County Commissioners Court Voting Session on 2026-07-14

Staff Report & Agenda Item Details

On November 13, 2018, the Commissioners Court of Travis County (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”) pursuant to a resolution adopted by the Commissioners Court (the “Authorization Resolution”). On June 24, 2026, the Commissioners Court adopted a resolution determining the costs of certain public improvements benefiting property in Improvement Area #4 of the District to be financed through the District and called a public hearing regarding the levy of assessments against benefited property located in Improvement Area #4 of the District (the “Assessment Public Hearing”) The Assessment Public Hearing regarding the levy of the assessments against benefited property located in Improvement Area #4 of the District was held on July 14, 2026 meeting of the Commissioners Court, and after hearing testimony at such public hearing, the Commissioners Court closed the public hearing and adopted an order (the “Assessment Order”) on July 14, 2026. In the Assessment Order, the Commissioners Court approved and accepted the Turner’s Crossing Public Improvement District July 2026 Amended and Restated Service and Assessment Plan (as defined and described in the Assessment Order, the “Service and Assessment Plan”) relating to the District and levied the Assessments (as defined in the Assessment Order) against the Improvement Area #4 Assessment Roll (as defined and described in the Service and Assessment Plan).Pursuant to Chapter 431, the TCDA may act on behalf of the County to accomplish a governmental purpose of the County and the County has requested the TCDA to assist in the management and development of property within the District and the financing the authorized public improvements of the District. Improvement Area #4 Funding Agreement / Acquisition and Reimbursement AgreementIn connection with the development of the property within the District, including Improvement Area #4, the Board of Directors of the TCDA (the “Board”) is requested to approve the attached Resolution along with Exhibit A “Turner’s Crossing Public Improvement District Improvement Area #4 Funding Agreement” and Exhibit B “Turner’s Crossing Public Improvement District Improvement Area #4 Acquisition and Reimbursement Agreement”. Going Forward Resolution February 27, 2026, the Managing Developer submitted an assessment levy and bond issuance request, and