Montgomery County Mud 140

The Board of Directors meeting will cover various operational and financial matters, including the review of a supplemental developer reimbursement report and the renewal of district insurance policies. Key discussions will include tax assessment and collections, development updates, and engineering matters such as design authorization, bidding and contracts for infrastructure improvements in The Highlands, and project pay estimates. The agenda also includes the approval of estimated water and wastewater usage, landscaping project reports, the adoption of policies regarding meeting agendas, and an update on security services.

The Board considered several key operational and financial matters. Discussions included the approval of the December 8, 2025, regular Board meeting minutes, and the approval of checks presented for payment from the bookkeeping review. The Board approved the proposal from BLX Group LLC to engage an arbitrage rebate consultant for outstanding District bonds. The Engineering Report involved requesting authorization to execute a letter of no objection to Trunkline Gas Company regarding construction work in Section 24 of The Highlands. The Board also approved a landscaping report and the operation of District facilities report, noting that monthly water usage accountability was 87.6% and discussing backcharges. A hearing was conducted regarding the termination of utility service for delinquent accounts under Montgomery County Municipal Utility District MUD 140, resulting in authorization for service termination due to nonpayment. Following the resignation of Inframark as operator, the Board authorized contact with Municipal Operations & Consulting to secure a new operating services contract. Additionally, the Board discussed the upcoming May 2, 2026, Directors Election, noting that Directors Cordero and Fredricksen are up for re-election, and adopted the Order Calling Directors Election after contracting with the County for administration. The next regular Board meeting was scheduled for February 9, 2026.

The meeting addressed several items, including the approval of minutes from the December 2, 2025, regular meeting, and the subsequent approval of bills presented for payment from the financial and bookkeeping review. Discussions covered tax assessment matters, including the reported estimate of value from the Montgomery Central Appraisal District. The Board approved a proposal from BLX Group LLC to serve as the arbitrage rebate consultant for outstanding District bonds. Updates were provided regarding development in the District and various engineering matters, which included recommendations for pay applications and change orders for clearing and utility improvement projects in The Highlands sections. The Board also authorized contracting with the County to administer the upcoming Directors Election scheduled for May 2, 2026, and adopted the Order Calling Directors Election.

The agenda for the regular meeting includes public comments, review of meeting minutes, and discussion of financial and bookkeeping matters, including the payment of bills. The Board will address tax assessment and collections, as well as the Amended and Restated Order Levying Taxes. Key engineering items involve authorizing design facilities and reviewing bids for construction projects such as clearing and utility improvements for The Highlands Sections 15, 21, 22, and others, alongside final acceptance for various completed improvements. Landscaping matters cover design authorizations and contract reviews for The Highlands, Phase 3, Section 13 and Section 16. Other topics include Merchant Attestation, an update on security matters, and determining the next meeting date. The notice also includes an update on the decertification of Riverwalk Inc.'s CCN.

The Board meeting included several key actions. Financial matters involved approving bills presented for payment and reviewing the October 2025 tax assessment and collections report, which noted an adjusted certified value from the Montgomery Central Appraisal District. The Board adopted an Order levying taxes, setting the 2025 tax rate at $1.25 per $100 of assessed valuation, and confirmed the maintenance tax component for the upcoming fiscal year. Action was taken to approve Amendment No. 4 to the Contract for Construction, Financing, Operation, and Maintenance of Regional Facilities, updating key exhibits. Engineering matters involved approving several pay applications and change orders related to construction projects in The Highlands development, including clearing and paving improvements for various sections, such as Section 21, Section 18 (Water/Sewer/Drainage), Section 19 (Water/Sewer/Drainage and Paving), and Section 20 (Water/Sewer/Drainage). The Board tabled action concerning the resolution establishing single-member districts for director elections. Development and landscaping matters were reported without Board action, and follow-up regarding security monitoring installation remains pending.