Relating to the creation of the Colmena Ranch Municipal Management District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments and fees.
The establishment of the Colmena Ranch Municipal Management District will have significant implications for state laws pertaining to special districts. It grants the district authority to finance projects through assessments and the issuance of bonds, which may help facilitate infrastructure improvements necessary for economic growth. The bill also allows for the inclusion of land into tax increment reinvestment zones, further enabling financial incentives aimed at revitalizing and developing the district. This approach aligns with state interests in fostering local economic diversification while maintaining a responsible governance structure.
House Bill 5682 proposes the creation of the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas. This bill includes provisions for the limited power of eminent domain, allows the district to issue bonds, and grants the authority to impose assessments and fees. Its main objective is to promote and enhance economic development, employment, and public welfare in the designated area. The district aims to supplement county services rather than replace them, ensuring that it fosters local growth through various improvements and services in the community.
Notably, a point of contention within HB 5682 is regarding the exercise of eminent domain, which is permitted under certain conditions of the bill. Critics may raise concerns about the implications of this power, emphasizing the potential for abuse in acquiring private property for district purposes. Furthermore, stakeholders could debate the balance between necessary economic development and the protection of individual property rights. The inclusion of provisions that require a vote from district property owners for assessments further reflects ongoing negotiations between facilitating growth and respecting local interests.
Local Government Code
Water Code
Tax Code
Transportation Code