Fulshear Development Corporation adopts FY‑26 budget, approves ASA and project declarations; removes two projects pending legal review

The City of Fulshear Development Corporation (EDC A) adopted its fiscal year 2026 budget and approved the administrative services agreement framework at its July 14 regular meeting, and the board voted to revise the draft project declarations by removing the Texas Heritage Parkway interlocal agreement payment and a $50,000 community‑events project pending legal review.

Board members approved the ASA language and the budget as amended after discussion about how the ASA exhibit will be finalized once the city completes budget work. Staff presented sales‑tax and ASA details in the packet; the board approved motions to adopt the FY‑26 documents and to publish notice and set a public hearing for declared projects.

Why it matters: the actions set how the EDC will reimburse the city for shared services, how much the corporation is budgeting to spend or set aside for programs and projects, and which projects will be publicly noticed for comment. Several line items discussed — including the shared ASA reimbursement, targeted small‑business incentives, and transfers to project funds — determine the EDC’s…