FACILITIESPENDING

Missouri City Development Authority Meeting Agenda Packet May 2026

TIRZ-funded Mustang Bayou utility agreement up to $6.5M

six million five hundred thousand dollars ($6,500,000.00)MISSOURI CITY MANAGEMENT DISTRICT 2CITY OF MISSOURI CITY TEXASMay 18, 2026

Trusted by teams at

Description

The Missouri City Development Authority is considering a Development Agreement with the City of Missouri City to fund up to $6,500,000 in water and wastewater infrastructure improvements for the Mustang Bayou service area. The Authority would reimburse the City from TIRZ No. 2 tax increment revenues until all Developer Advances are paid, subject to TIRZ revenue priorities and project completion requirements.

Contract Details

Contract Amount

six million five hundred thousand dollars ($6,500,000.00)

Vendor

CITY OF MISSOURI CITY TEXAS

Agency

MISSOURI CITY MANAGEMENT DISTRICT 2, TX

Contract Type

FACILITIES

Document Date

May 18, 2026

Contract Term

From Effective Date in 2026 until the earlier of (1) date Developer Advances are paid in full; (2) January 1 of the year following expiration of TIRZ No. 2; or (3) earlier termination under the Agreement

Renewal Info

Agreement term runs until Developer Advances are fully reimbursed, or until January 1 following the expiration of TIRZ No. 2, or earlier termination for failure to commence or complete the Project, abandonment, or default as specified. No automatic renewals; extensions or additional projects require a formal amendment executed by all Parties.