Fate Municipal Development District No. 1 Board of Directors Meeting Agenda Packet May 2026
MDD Ratifies Lease-Related Agreement with BankPlus
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Description
The Fate Municipal Development District will ratify a Landlord’s Consent to Encumber, Estoppel Certificate, and Non-Disturbance Agreement with BankPlus as lender for the Ramston Development refinance. The action clarifies BankPlus’s rights under the existing ground lease and formalizes previously executed documents.
Contract Details
Vendor
BANKPLUS
Agency
City of Fate, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Info
Ratification confirms and approves an already executed agreement dated May 4, 2026; no explicit renewal terms are stated in the resolution.
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