At its Oct. 14, 2025 meeting, the City of Cedar Park Type B Community Development Corporation heard a fiscal third‑quarter FY2025 financial report showing sales‑tax receipts above budget projections and approved minutes from two previous meetings.

Finance staff member Erica Solis told the board the fund collected $9.4 million in the half‑cent Type B sales tax through June 30, 2025 — “5% more than the same period in 2025 and 8.6 percent more than what we projected for the fiscal year,” she said. Solis said part of the improvement stemmed from a one‑time favorable audit adjustment; excluding that adjustment, receipts still outpaced the year‑to‑date budget.

The report recapped key budget figures and activity. Revenues for 2025 were budgeted at $11,550,000 and the adopted expense budget was $13,700,000; the board approved a July amendment that increased the expense budget to $15,300,000 to cover a North Shore land repurchase funded from Fund Balance. Since the fund’s inception through the end of the third quarter, Solis said the Type B fund has collected about $134,200,000 in sales tax to support community development projects.

Solis reviewed notable 2025 expenses and transfers: a $1.7 million final payment tied to the Bell Boulevard development; quarterly transfers to capital improvement project (CIP) funds for items such as Melbourne Pool rehab design, traffic signal projects, the East New Hope Road shared‑use path gap, and South 183A frontage‑road improvements at Scottsdale Drive; and $176,000 in debt service spent through quarter three (about 17% of the annual debt service budget) reflecting the timing of interest payments.

Solis also described ongoing reporting changes: a portion of sales tax tied to a particular development will be redirected to a Tax Increment Reinvestment Zone (TIRZ) arrangement (she referred to it as reporting on “the TIRS/NFM piece”), with reporting for those redirected receipts beginning as of Sept. 30, 2025. She reminded the board that Type B makes quarterly transfers to CIP funds and that actual project expenditures appear in the capital project funds; staff said a capital project status update is planned for December.

The board opened public hearings on the Fiscal Year 2026 Type B projects listed on the agenda but received no public comments and closed the hearings.

Votes at a glance

- Approval of minutes (07/08/2025): motion approved. Second recorded as Ryan; mover not specified in the transcript. Vote: unanimous (6–0).

- Approval of minutes (08/12/2025): motion approved. Second recorded as Director Schafer; mover not specified in the transcript. Vote: unanimous (6–0).

The meeting concluded with brief closing remarks from the president and board members. No additional actions or project approvals were recorded on the transcript for this session.