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Council accepts termination of Water Street development agreement, approves DMD interlocal transfers
Summary
Council accepted a termination letter that returns Water Street property control to the city, removing prior developer obligations, and approved resolutions to route certain DMD funds to city priorities (including law enforcement).
The Dickinson City Council approved a resolution authorizing the city manager to execute a mutual termination and release of two economic development performance agreements with Remy William Cole LLC related to the Water Street project; staff said the termination returns the property to city control and removes contractual taxpayer obligations that had been part of the prior agreement.
Separately, the council approved interlocal arrangements and a resolution assigning private‑activity bond authority to the Texas Department of Housing and Community Affairs (SETH) and authorized the city manager to execute an interlocal agreement with the Dickinson Management District (DMD) to accept transfers for law‑enforcement funding. City and DMD representatives said the transfers consolidate previously distributed line items into the city budget to align priorities and reduce administrative layers. Staff noted the DMD fund balance and that certain DMD obligations (for transit, festivals and other items) are being moved into city budget lines; council members emphasized that the transfers are for one year and future funding will be revisited.
Council members and DMD representatives agreed the transfer mechanism requires a contract; the resolutions passed by vote.
