Municipal Development District Board — Pilot Point

The PPMDD Director annual review is scheduled each June. The committee chair will collect feedback from board members and summarize information for review process.

Each year the Board approves an annual budget based on projected sales tax revenue and the strategic plan objectives. Once the PPMDD Board approves the proposed budget it will be presented to Council through the City budget process.

The Pilot Point Municipal Development District (PPMDD) is authorized to promote economic development and stimulate business and commercial activity within its boundaries. In accordance with Chapter 377 of the Texas Local Government Code (Municipal Development District Act) and related provisions of state law, the District may provide funding, incentives, and enter into agreements to support eligible economic development projects that promote new or expanded business enterprises.Agenda Item Outline: SNAG Investments Presentation Board Discussion and Possible Action The proposed agreement with SNAG Investments, LLC outlines terms and conditions under which the District may provide economic development incentives, which may include but are not limited to: Sales tax rebates Grants Infrastructure participation Fee waivers Performance-based reimbursements All incentives are contingent upon the achievement of defined performance metrics, such as capital investment, job creation, and operational benchmarks, as outlined in the agreement.

Purpose A strategic shared-use agreement with the United Methodist Church and 1902 Central Hall for ​overflow parking during events. Proposed Agreement Includes: Shared use of church and 1902 Central Hall parking lots Availability during non-service times Event and overflow parking support Immediate capacity increase Minimal cost No land acquisition required Strengthens community partnership IMPLEMENTATION NEEDS Wayfinding & signage Defined usage schedule Liability + maintenance clarity

The Pilot Point Municipal Development District (PPMDD) is authorized to promote economic development and stimulate business and commercial activity within its boundaries. In accordance with Chapter 377 of the Texas Local Government Code (Municipal Development District Act) and related provisions of state law, the District may provide funding, incentives, and enter into agreements to support eligible economic development projects that promote new or expanded business enterprises. The proposed agreement with Matt Saba Development, LLC outlines terms and conditions under which the District may provide economic development incentives, which may include but are not limited to: Sales tax rebates Grants Infrastructure participation Fee waivers Performance-based reimbursements All incentives are contingent upon the achievement of defined performance metrics, such as capital investment, job creation, and operational benchmarks, as outlined in the agreement.