Our Programs
The MUD is part of your neighborhood. Have an idea on how to help out? Let us know!
Bond Debt
Payment Schedule
​
​
​
The MUD can only set the Annual Debt Service tax rate at an amount that will collect enough to service that year's debt plus the fee for the paying agent.
​
If the MUD transfers money from the Operations & Maintenance Account to the Debt Service Account, it can only be used for debt service and may not be moved back to the Operations and Maintenance Account.
​
In August 2018, the MUD transferred $25,000 from the O&M Account to the Debt Service Account, bringing that account up to $380,000. In July 2019 the MUD transferred $25,000 from the O&M Fund to the DSF, bringing that Fund up to $419,000. After subsequent transfers in 2020-2023 the Debt Service Account
stands at $490,179. Which has allowed the District to only assess an Operations and Maintenance Tax for 2023.
​
The overall idea is to continue using the existing fund balance to pay the semi-annual bond coupon payments and subsidize the Debt Service Fund one more time in the last year of the bond payments, 2027.
​
Come out to the meetings and be a part of the discussion! Your input truly helps.
​
We meet the second Wednesday of the month, at 6:30 PM at the Mud Bldg on Wildlake Pkwy.
​
​