HomeMy WebLinkAbout06/11/2026 - Regular Agenda Packet - Rock Prairie Management District No. 2ROCK PRAIRIE MANAGEMENT DISTRICT NO.2
NOTICE OF PUBLIC MEETING
Notice is hereby given to all interested members of the public that the Board of Directors
of the above captioned District will hold a regular public meeting at 4121 State Hwy 6 South,
College Station, Brazos County, Texas 77845, said address being a meeting place of the District.
The meeting will be held on Thursdav, June 11, 2026, at 2:00 p.m. The City Council of College
Station, Texas may or may not attend the Public Meeting. The Board shall consider and discuss
the following matters and take any action appropriate with respect to such matters:
1. Public comments;
2. Review and approve minutes of the April 9, 2026, Board of Directors meeting;
3. Bookkeeper's Report, including authorizing the payment of invoices presented, and
authorizing submittal of draft budget to City of College Station for review and
comment;
4. Adoption of operating budget for fiscal year ending May 31, 2027;
5. Tax Assessor/Collector's Report;
6. Approval of updated Addendum "A" to the Depository Pledge Agreement by and
between the District, Wells Fargo Bank, National Association, and The Bank of
New York Mellon Trust Company, N.A., together with the related Authorization
Letter;
7. Engineering Report, including:
a. Authorizing the design and/or advertisement for bids for construction of
facilities within the District, approving of related storm water plans,
including:
i. Status of design of Midtown City Center, Phases 406A and 406B;
b. Authorizing the award of or concurrence in award of contracts for the
construction of facilities within the District, authorizing acceptance of TEC
Form 1295, and approval of any storm water permits;
C. Status of construction of facilities to serve land within the District, including
the approval of any pay estimates and/or change orders and authorize
acceptance of TEC Form 1295, including:
i. Midtown Reserve Subdivision Phase 114;
ii. Midtown City Center, Phases 404B and 404C; and
iii. Midtown Reserve Subdivision Phase 108;
d. Acceptance of site and/or easement conveyances for facilities constructed
or to be constructed for the District, and acceptance of facilities for
operation and maintenance purposes, including:
i. Midtown Reserve Subdivision Phase 113;
e. Status of acceptance by the City of streets for maintenance; and
f. Status of Bond Application Report No. 1 for the District's proposed issuance
of Series 2026 Unlimited Tax Bonds;
8. Developer's Report;
9. Request from Records Management Officer to destroy certain records of the
District;
10. Discuss changes to cybersecurity and artificial intelligence training requirements
applicable to Directors of the District;
11. Attorney's Report; and
12. Matters for possible placement on future agendas.
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SCHWARTZ, PAGE & HARDING, L.L.P.
By: P ` T` ("4
Christina Cole
Attorneys for the District
Persons with disabilities who plan to attend this meeting and would like to request auxiliary aids
or services are requested to contact the District's attorney at (713) 623-453I at least three
business days prior to the meeting so that appropriate arrangements can be made.
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EXHIBIT "A"
Proposed Budget
irie MUD 2 - Fi
Nine Month Twelve Months
Actuals Annualized
06/25-02/26 FYE 05/26
Revenues
14301 • Maintenance Tax Collections 294,346 294,346
14802 . Interest Earned on Temp. Invest 3,101 3,500
Total Revenues $297,447 $297,846
Expenditures
Approved Proposed
2026 Budget 2027 Budget
322,068
3,500
$325,568
371,025
5,000
$376,025
16105. Maintenance & Repairs - Water
9,286
12,382
35,000
25,000
16601 . Maintenance & Repairs - Lighting
0
0
25,000
10,000
16603 • Mowing - Parks
45,850
61,133
75,500
77,000
16703 • Legal Fees
62,986
83,981
75,000
75,000
16705 • Auditing Fees
18,500
18,500
16,500
20,000
16706 • Engineering Fees
37,331
49,775
37,000
51,000
16712 • Bookkeeping Fees
23,939
28,727
32,000
32,000
16713 • Legal Notices & Other Publ.
430
516
1,000
550
16714 • Printing & Office Supplies
1,294
1,725
2,000
2,000
16715 • Filing Fees
1,454
1,939
470
2,000
16716 • Delivery Expense
378
504
350
550
16717•Postage
56
74
100
100
16718 • Insurance & Surety Bond
3,170
3,170
3,200
3,400
16722 • Bank Fees
140
187
150
450
16723 • Travel Expense
1,085
1,371
1,300
1,400
16728 . Record Storage Fees
323
431
520
500
16731 . Arbitrage Analysis
1,100
1,100
500
1,000
16737 • SB 2 Expenses
2,250
3,000
3,000
3,000
17802 • Miscellaneous Expense
1,200
1,600
1,200
1,700
Page 1 of 2
Proposed Budget
Nine Month Twelve Months
Actuals Annualized
06/25-02/26 FYE 05/26
Approved Proposed
2026 Budget 2027 Budget
Total Expenditures $210,771 $270,114 $309,790 $306,650
Other Revenues
Total Other Revenues
$0
$0
$0
$0
Net Excess Revenues <Expenditures>
$86,676
$27,732
$15,778
$69,375
Maintenance Tax = Value / 100 * M&O Tax Rate * Collection Rate
225,000,000/100*.17*.97 -per FA
Page 2of2
Exhibit B
Taxpayer Impact Statement
Current Budget Proposed Budget No -New -Revenue
Fiscal Year Ending** Fiscal Year Ending** Tax Rate Budget***
05/2026 05/2027
Estimated District Operations and
Maintenance Tax Bill on Average $591.38 $591.38 $591.38
Homestead*
*The District levies taxes in accordance with the Texas Water Code. The District's current operations and maintenance tax rate is
equal to $0.196 per $100 of assessed value. Average homestead values are determined by the county appraisal district. All
estimates above were prepared utilizing the average resident homestead value as of the time that the District's most recent Truth
in Taxation worksheet was prepared in accordance with the Texas Water Code.
**Average tax bill estimates for the current and proposed budgets reflect those taxes necessary to fund the operation and
maintenance tax revenues stated in the applicable budget.
***This column estimates the operations and maintenance taxes to be paid on the average homestead if the proposed budget
generates the same amount of operations and maintenance tax revenues as the current budget.