City staff and the developer presented a detailed plan for the 2,500‑acre Craver Ranch master‑planned community in north Denton and described how a Municipal Management District (MMD) would finance off‑site and on‑site infrastructure.

Charlie Roosevelt, interim director of Development Services, told council the Craver Ranch MMD was created by the legislature and that the developer proposes to levy assessments and issue bonds to reimburse infrastructure costs after construction. Roosevelt said the proposal includes about 9,200 residential units and 1.2 million square feet of commercial development, roughly $400 million in public infrastructure, and a proposed 17‑year construction timeline.

The developer’s lead presenter, Alexa Knight of Dakey Law, said the team expects the project to produce about $5.1 billion in assessed value at full build‑out, with about $30.3 million in annual tax revenue to the city when complete. Knight said the developer is offering $7.5 million in funding contributions to be paid through the MMD and would donate about 48.5 acres of land to the city (including sites for fire stations and parks) plus easements for a 13.5‑mile trail system, right‑of‑way for a future water transmission main and construction of an elevated storage tank.

Engineer Jim Knight (KFM Engineering) said the developer will build major wastewater collection systems (he cited roughly $16.6 million for a sewer improvement system for the project) and that the design includes two drainage basins with on‑site detention intended to hold flows to pre‑development rates. He said the project will connect to a Clear Creek interceptor the city is designing and that the Clear Creek Wastewater Treatment Plant will be expanded. City staff and the developer said they have coordinated traffic and drainage studies and plan additional hearings: planning & zoning review and public hearings in November, with council consideration of zoning and agreements slated for December.

Council members asked about floodplain and downstream impacts (including flow rates through the Clear Creek basin), cross‑jurisdictional roads maintained by TxDOT and Denton County, and the potential for “leapfrog” development between the city boundary and the site. Staff said the property was annexed in 2008–09, is currently designated agricultural on the comp plan, and that the city will require the developer to construct and warrant utility improvements before the city accepts them for maintenance.

What’s next: staff and the developer will present the project at Planning & Zoning, including a zoning PD, comprehensive plan and mobility amendments. Council will see the development and operating agreements as part of the December agenda packet; no formal council action was taken on the MMD at this meeting.