City of Caddo Mills

The council addressed several items, including the approval of a PID reimbursement agreement and an amendment to a grant application for the FY 2025 Catalytic Converter Grant Program. Action was postponed on a right-of-way dedication deed. Additionally, the council approved ordinances regarding Texas Municipal Retirement System (TMRS) benefits for retirees, including cost-of-living adjustments, and authorized restricted prior service credit for employees transferring from other TMRS cities.

The council conducted a drawing to determine council place numbers and term lengths for upcoming elections. They approved a resolution consenting to the creation of the Mykonos Municipal Utility District of Hunt County and adopted an ordinance approving the final project and finance plan for Reinvestment Zone Number One. Additionally, the council conditionally accepted final and preliminary plats for several developments, including Fox Landing 1B, Ranchwood, and Prairie Oak. The meeting also included an executive session to discuss legal consultation, real property, and economic development negotiations.

The City Council approved a contract for election services with the Hunt County Elections Administrator's Office and an agreement with the Caddo Mills ISD for a joint election. The council awarded the bid for the Airport Hangar Project to CR Fabrication. Additionally, an ordinance amending sanitation fees was adopted, and a contract with P3 Works, LLC, for professional services related to a proposed Municipal Management District and Tax Increment Reinvestment Zone was approved. Departmental reports were presented, and the council discussed items that were later deferred or required no action in executive session.

The commission addressed several key items, including a recommendation to accept an amended final plat for Caddo Mills Crossing Ph1. They also discussed and took action on amending the Comprehensive Plan Future Land Use Map to redesignate a property's land use from Low Density Residential to Neighborhood Services. Additionally, the commission addressed proposed zoning changes for multiple properties, including changes from SF-E Single Family Estate to C1 Commercial and from M-2 Heavy Manufacturing/Industrial District to SF-1 Single Family Residential 1 District and SF-E Single Family Estate District. Future meeting discussions were also held.

The budget includes revenues across all funds totaling approximately $22.9M and expenditures totaling approximately $37.7M. The expenditures are higher than revenues due to planned capital expenditures from existing balances. The budget includes approximately $2M in annual debt service payments. The City's total outstanding debt is $21,160,000, which reflects several bonds that have been issued in recent years for planned utility improvements, park improvements and future City facilities. The budget reflects a property tax levy of approximately $3.5M, which is split almost equally between maintenance and operations and Debt Service. The proposed tax rate reflected in this budget does not exceed the Voter-Approval Rate.