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Northlake staff propose Municipal Development District; council votes to place two MDD propositions on May ballot
Summary
Staff proposed dissolving two development corporations and creating an MDD funded by reallocated sales tax; council voted to call a special election to ask voters to create the MDD and abolish the CDC/EDC, and discussed ETJ inclusion and how to preserve volunteer engagement.
Town staff briefed council on a proposal to replace the Economic Development Corporation (EDC) and Community Development Corporation (CDC) with a Municipal Development District (MDD) funded by reallocated local sales tax and subject to voter approval. Nathan said the town currently funds two development corporations with a combined three‑eighths cent sales tax and that an MDD could be funded by up to one‑half cent, though the total local sales tax could not exceed 2 percent.
Nathan outlined a likely approach: dissolve the EDC and CDC, transfer their fund balances…
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