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Council directs termination of municipal development district funding agreement for proposed civic center
Summary
Council voted to terminate the Chapter 377 project funding agreement with the Fair Oaks Ranch Municipal Development District for the civic/community center and release a previously allocated $1.2 million so the MDD can reallocate funds.
The Fair Oaks Ranch City Council on June 19 approved a resolution directing the city manager to terminate a Chapter 377 project funding agreement (an economic development agreement) with the Fair Oaks Ranch Municipal Development District (MDD) for a proposed civic center project.
Council discussion followed a June 5 vote to indefinitely postpone…
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