ORDER CALLING CONFIRMATION AND DIRECTOR ELECTION
AND BOND AND MAINTENANCE TAX ELECTION
WHEREAS, Montgomery County Municipal Utility District No. 251 located in
Montgomery County, Texas (the “District”), was heretofore duly created by order of the Texas Commission on Environmental Quality (herein the “Commission”), and the temporary directors of the District appointed by the Commission have met and organized and have qualified to serve as directors of the District by taking the oath and making the bond required by law; and WHEREAS, the Board of Directors of the District (the “Board”) has determined to call an election to be held on November 4, 2025, and at which there shall be submitted to the duly qualified voters of the District the question of the confirmation of the creation and establishment of the District, and th e matter of the election of five (5) permanent directors for the District; and WHEREAS, there has been filed in the office of the District, open to inspection by the public, a park plan and an engineer’s report covering the works, land, improvements, facilities, plants, equipment and appliances to be purchased, constructed, acquired, owned, operated, repaired, or extended by the District, and the property, administrative facilities, contract rights, rights of use and interests in property, and regional, regulatory or joint use participation rights to be purchased or acquired, as well as the estimated probable costs of all of the foregoing together with maps, plats, profiles and/or data showing and explaining the park plan and the report; and
WHEREAS, said land, improvements, facilities, plants, equipment and appliances to be
purchased, constructed, acquired, owned, operated, repaired, or extended by the District, and the property, contract rights, rights of use and interests in property, and regional, regulatory or joint use participation rights to be purchased or acquired, are intended to provide a waterworks system, a sanitary sewer system and a drainage and storm sewer system, recreational facilities, and road facilities (collectively, the “Improvements”) for the District; and WHEREAS, such park plan and engineer’s report include estimates of the probable costs of the design, construction, purchase, and acquisition of the Improvements and additions thereto, and incidental expenses connected with the Improvements and the issuance of bonds by the
District, as follows:
ESTIMATE OF PROBABLE COSTS
(Waterworks, Sanitary Sewer and Drainage and Storm Sewer Systems)
I. Estimated Design, Construction, Purchase and Acquisition
Costs
Water Supply and Distribution Facilities and Services
District Share
$8,769,000
Sanitary Sewer Collection, Transportation, Treatment and Disposal Facilities and Services
$8,319,000
Drainage, Stormwater Detention and Pollution Control
Facilities and Services $8,157,900
Land, Easements and Rights-of-Way $1,229,475
Contingencies $2,805,100
Engineering $5,049,180
Inflation $272,000,000
Total Estimated Design, Construction, Purchase and Acquisition
Costs $306,329,655
II. Estimated Incidental Expenses District Share
Legal Fees $880,000
Fiscal Agent Fees $880,000
Developer Interest $3,432,965
Capitalized Interest $2,200,000
Bond Discount $1,320,000
Administrative, Organizational, Creation and Issuance Fees and Expenses $338,380
Operating Costs $250,000
TCEQ Bond Proceeds Fee $110,000
Bond Application Report Costs $215,000
