Ongoing Developer Repayment Obligations for Capital Projects
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Description
Decker Prairie Municipal Utility District maintains financing contracts with its developer for funding infrastructure projects and operational expenses. At fiscal year-end, $7,244,475 remained owed, with an additional $1,071,501 in commitments for active projects.
Contract Details
Contract Amount
$7,244,475 (balance owed at year end)
Vendor
DEVELOPER (UNNAMED)
Agency
Decker Prairie Mud, TX
Contract Type
CONSTRUCTION
Document Date
September 30, 2024
Contract Term
Ongoing as of September 30, 2024
Renewal Date
2024-09-30
Renewal Info
Developer repayment obligations are ongoing and subject to additional projects, advances, and future bond issue reimbursement.
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Decker Prairie Municipal Utility District Agenda March 2026
Decker Prairie Municipal Utility District Resolution 2026-01-29
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