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Council conditionally backs Wolf Creek municipal management district proposal
Summary
The council gave conditional consent to a developer-led Wolf Creek municipal management district that would allow borrowing against future tax revenue to build horizontal infrastructure for a large development south of Greenville; developers and the city said the process must next go through the legislature and additional agreements.
Greenville City Council voted to give conditional consent to language that would support filing legislation to create the Wolf Creek Municipal Management District, a developer-proposed special district intended to finance large-scale infrastructure for a multi-thousand-home development.
City attorney Daniel (speaker 7) explained the district would let developers borrow against future tax income to build horizontal infrastructure and contract with nearby municipal entities for services. He said the map covers a pie-shaped area between Highways 34 and 224, currently largely farmland, and that developers have acquired large tracts of land. Daniel warned the legislative filing and the bill's exact form will change through the legislative process: "...the only thing that's really guaranteed is that it's not gonna pass on its current form. There's definitely gonna be changes."
Developer attorney Ross Martin (speaker 10) described prior examples where districts issued bonds in an ETJ and the city later annexed developed areas once debt loads could be absorbed. Ross said such projects frequently use a mix of property taxes, assessments and sometimes sales tax components to finance horizontal and amenity projects. Councilmembers asked about the effect on annexation and tax pledges; Ross and staff said those terms are generally handled in development agreements and would be finalized over time. After discussion, the council approved a resolution conditionally consenting to the formation of the district 6-0 and said staff would continue coordination with county and legislative partners.
Council did not finalize development agreements or specific tax mechanisms; those steps will come later if legislation advances.
