Hay Commons MUD Briefing — original pdf

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Briefing on Proposed Hays Commons Municipal Utility District Urban Transportation Commission Sara Groff, Planning Department July 9, 2024 Overview  Consider a request for City consent to creation of the Hays Commons Municipal Utility District  Background  Subject Property  Proposed Development  Transportation System Improvements/Roadway Plan  City Policy  Staff Recommendation  Board and Commission Review  The Urban Transportation Commission is asked to make a recommendation on the creation of the proposed MUD. 2 Background  Hays Commons is currently seeking Municipal Utility District (MUD) creation through TCEQ.  Hays Commons is partially located in Austin’s ETJ which gives COA the right to negotiate development standards through various agreements.  These agreements provide certainty regarding the regulatory requirements applicable to the District and provide the City with assurance of a superior quality of development for the benefit of present and future residents of the City and the District.  As part of these agreements, the applicant has requested limited purpose annexation for the entire development. 3 Hays Commons Location Source: Austin Green Application for Consent to Creation of a Water District Exhibit A-2 CCN Boundaries 4 Total Acreage 497.85 acres Single-family (SF3) 621 residential units (20 1-acre lots) Proposed Development Commercial Open Space 13.84 acres 139.66 acres Projected Population 2,188 residents Proposed Total Bonds $125,000,000 Proposed District Tax Rate $1.00/$100 Assessed Value at Build-out $495,740,000 5 Transportation System Improvements  Preliminary cost estimates indicate that the District will issue bonds to finance $13,220,00 in transportation improvements over two road bonds.  The Project’s external connections to SH 45 and FM 1626, including transportation network improvements through street construction, traffic signals and pedestrian facilities shall be funded and constructed by the Owners, as determined by a TIA approved by TxDOT.  Streets within the Hays Commons Project will be constructed in accordance with the applicable City or County transportation criteria as generally depicted on the Roadway Plan. 6 Roadway Plan 7 Roadway Plan 8 City Policy Regarding District Creation  Criteria outlined in Resolution No. 20110217-030 summarized:  Will the proposed district provide more benefit to the City than a standard development process, conventional financing, or other type of district?  Do proposed agreements include commitments to superior development consistent with the Comprehensive Plan and City Code?  Does the district confer extraordinary public benefits such as land use control through zoning, public amenities, and connectivity with other City infrastructure?  Will the City provide water, wastewater, and reclaimed water? 9 Rationale for Staff Recommendation  Staff recommends approval of a Consent Agreement and Strategic Partnership Agreement (SPA) for the Hays Commons MUD for these reasons:  The District, the City, and the community will benefit from environmental regulations that would not otherwise be in place if the MUD was created as a County only development.  Superior development can be achieved through the extension of City zoning and development regulations through Limited Purpose Annexation.  Austin Water will be the provider of retail water, wastewater, and reclaimed water services; infrastructure will be designed and constructed to City standards and specifications. 10 Board and Commission Review  Urban Transportation Commission  Parks and Recreation Board  Water and Wastewater Commission  Environmental Commission  Planning Commission 11 Commission Recommendation  The Urban Transportation Commission is asked to make a recommendation on the creation of the proposed District. 12