Consider and take appropriate action regarding an order accepting and approving the September 2026 Amended and Restated Service and Assessment Plan, including updated assessment rolls and buyer disclosures, for the Turner’s Crossing Public Improvement District; providing a cumulative repealer clause; and providing an effective date. (Commissioner Morales)

Staff Report & Agenda Item Details

On November 13, 2018, the Commissioners Court (“Commissioners Court”) of Travis County, Texas (the “County”), 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”), which Authorization Resolution was published in a newspaper of general circulation in the County and the extraterritorial jurisdiction of the City of Austin, Texas (the “City”) on December 7, 2018. <br><br>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.<br><br>The County and the TCDA entered into a Contract for Management and Administrative Services dated April 24, 2018 pursuant to which the TCDA agreed to provide management and administrative services for public improvement districts created by the Commissioners Court, including the District, including billing and collecting assessments.  TCDA has selected a third-party administrator (the “Administrator”) to assist TCDA in the management and administration of public improvement districts.<br> <br>After notice and public hearing in accordance with the PID Act, on July 14, 2026, the Commissioners Court, pursuant to and in accordance with the PID Act, adopted an order (the “Assessment Order”) approving the “Turner’s Crossing Public Improvement District July 2026 Amended and Restated Service and Assessment Plan”, including total costs of certain Authorized Improvements benefitting Improvement Area #4 of the District (the “Improvement Area #4 Improvements”), an assessment roll for Improvement Area #4 (the “Improvement Area #4 Assessment Roll”) and levied assessments on the land within Improvement Area #4 benefiting from the Improvement Area #4 Improvements in accordance with the Improvement Area #4 Assessment Roll for the payment of the costs of the Improvement Area #4 Improvements.<br> <br>On July 14, 2026 the Commissioners Court approved and entered into the Turner’s Crossing Public Improvement District Improvement Area #4 Acquisition and Reimbursement Agreement (the “Reimbursement Agreement”) with the TCDA and Meritage Homes of Texas, LLC (the “Managing Developer”) which established procedures for the reimbursement of the Actual Costs (as defined in the Turner’s Crossing Public Improvement District July 2026 Amended and Restated Service and Assessment Plan) of the Improvement Area #4 Improvements, which have been advanced by the Managing Developer (the “Reimbursement Obligation”).<br> <br>On September 15, 2026, the Commissioners Court, by resolution, consented to the issuance by TCDA of the “Travis County Development Aut