Order Calling Bond Election | Orden para Convocar una Elección de Bonos | Lệnh Yêu Cầu Tổ Chức Cuộc Bầu Cử Trái Phiếu
- Order Calling Bond Election
Orden para Convocar una Elección de Bonos
Lệnh Yêu Cầu Tổ Chức Cuộc Bầu Cử Trái Phiếu
The Board of Directors of Dowdell Public Utility District (the “District”) met on January 15, 2026, with a quorum of directors present, as follows:
Jerry L. Nelson, President
Allison Copony, Vice President
James J. Bertus, Secretary
Danny Staab, Director
Robert C. Johnson, Director
and the following absent:
none
when the following business was transacted:
The order set out below was introduced for consideration of the board. It was duly moved and seconded that said order be adopted; and, after due discussion, said motion was carried by the following vote:
Ayes: All Directors present
Noes: None.
The order thus adopted is as follows:
Whereas, Dowdell Public Utility District has been legally created; the directors of the District have qualified as required by law, met and organized;
Whereas, the District’s engineer has submitted a complete park plan (“Park Plan”) to the Board of Directors covering the land, improvements, facilities, and equipment to be purchased or constructed and the estimated cost together with maps, plats, drawings and data fully showing and explaining the Park Plan, which plan and accompanying data have been approved by the board, filed in the office of the District, and is open to inspection by the public; and said Park Plan is designed to furnish recreational facilities to serve the District and any land which may hereafter be annexed into the District;
Whereas, a bond election is a special election as defined by Texas Election Code Section 1.005(18);
Whereas, it is required by statute that a special election be held on a uniform election date;
Whereas, the District’s engineer and the District’s Board of Directors make the following estimate of probable costs:
Estimated construction costs:
| Parks and Recreational Facilities | |
| Recreational facilities | $12,400,000 |
| Construction, contingencies, investigation, plans and engineering | $4,200,000 |
| Total: | $16,600,000 |
|
Incidentals: |
|
| Administrative expenses of issuing and selling bonds, including financial advisory and legal fees, interest on bonds during estimated construction period, discount on bonds, and operating costs during construction | |
| $3,400,000 | |
| Parks and Recreational Facilities Total: | $20,000,000 |
Whereas, all requirements have been met prerequisite to the ordering of a bond election; and the board is of the opinion that the election should be held for the purpose of submitting the propositions set out hereinafter; and
Whereas, the Board of Directors of the District has determined that it is in the public interest to conduct the election on a uniform election date; and
Therefore, be it ordered by the Board of Directors of the District, as follows:
Section 1. The matters and facts set out in the preamble of this order are hereby found and declared to be true, correct and complete.
Section 2. The Board ratifies its prior approval of and adopts in all respects said Park Plan, including the estimates therein and the data and items submitted and filed therewith, and reference is here made to same for the full contents thereof.
Section 3. A bond election shall be held within legal hours on May 2, 2026. The Board designates the following polling location within the District for regular voting: Dowdell Water Plant No. 4 7501 ½ Spring Stuebner Tomball, TX 77375. The Board designates the following polling location within the District for early voting: Dowdell Water Plant No. 4 7501 ½ Spring Stuebner Tomball, TX 77375. Christopher Kotran is hereby designated as the Early Voting Clerk. The Early Voting Clerk’s mailing address is P.O. Box 22149, Houston, Texas 77277, email taylor@goodallpllc.com, and telephone number 713-565-3095. Early voting by personal appearance will be conducted by the Early Voting Clerk and early voting shall be conducted on weekdays during the statutory period, between 8:00 a.m. and 5:00 p.m., with extended hours as required by law. Applications for ballots by mail shall be sent by: regular mail to Dowdell Early Voting Clerk P.O. Box 22149 , Houston, Texas 77277 by common carrier to 480 Wildwood Forest Drive, Suite 140 The Woodlands, Texas 77380 or email to taylor@goodallpllc.com. Applications for ballots by mail must be received no later than the close of business at 5:00 p.m. on April 21, 2026. To be effective, an original application for ballot by mail submitted by email must also be submitted by mail and be received by the Early Voting Clerk not later than the fourth business day after the email is received.
Section 4. At the election, the following propositions shall be submitted to the duly qualified resident electors of the District for their action thereon:
PROPOSITION A
“THIS IS A TAX INCREASE; Shall the Board of Directors of Dowdell Public Utility District be authorized to issue bonds of the District in the maximum amount of $20,000,000 for the purpose of designing, acquiring, constructing, improving, equipping, and financing park and recreational facilities within the District, and to levy and collect a sufficient ad valorem tax on all taxable property within the District to pay the principal of and interest on the bonds?”
Section 5. The election will be conducted in compliance with the provisions of the Texas Election Code and the provisions of the federal Help America Vote Act (HAVA), and each polling place will have at least one voting system accessible to individuals with disabilities.
Section 6. As provided by law for the issuance of bonds payable wholly or in part by ad valorem taxes, an election shall be held and notice shall be given as provided by law.
Section 7. Paper and/or electronic ballots shall be used in the election. Ballots, voting instructions and the propositions shall be made available in English, and in the Spanish, and Vietnamese for those requesting same. The ballots for said election shall conform to the requirements of the Texas Water Code and the Texas Election Code, as amended, so far as applicable, and shall have printed thereon, in the English, Spanish, and Vietnamese languages, the following:
OFFICIAL BALLOT
Instruction Note: Place an “X” in the square beside the statement indicating the way you wish to vote.
- FOR
- AGAINST
PROPOSITION A
THIS IS A TAX INCREASE; the issuance of $20,000,000 bonds for park and recreational facilities, and the levy of taxes sufficient to pay principal of and interest on the bonds.
Section 8. Only duly qualified residents of the District shall be entitled to vote at the election.
Section 9. The District’s attorneys shall be and they are hereby authorized and directed to assist the secretary of the Board in preparing the official ballot, translation of the ballot in the English, Spanish, and Vietnamese, and preparing such other information and documents as may be required to the conduct of the election and post-election day procedures.
Section 10. In accordance with the provisions of Section 3.009(b) of the Texas Election Code, it is hereby found and determined that:
- The proposition language that will appear on the ballot is set forth in Section 7 hereof.
- The purposes for which the bonds are to be authorized are set forth in Section 4 hereof.
- The principal amount of the bonds to be authorized is set forth in Sections 4 and 7 hereof.
- As set forth in Sections 4 and 7 hereof, if the bonds are approved by the voters, the Board of Directors will be authorized to levy annual ad valorem taxes on all taxable property in the District, within the limits prescribed by law, sufficient to pay the annual principal of and interest on the bonds.
- Based on the bond market conditions at the date of adoption of this Order, the bonds are to be sold at any price or prices and to bear interest at a rate currently estimated to be 5.5%. This estimate is for informational purposes only and should in no way be perceived as forming an agreement or binding contract between the District and the voters and/or any other entity, group, individual and/or party. Furthermore, the good faith interest rate estimate provided herein in no way limits the District’s authority to issue bonds authorized pursuant to the authority granted by the voters at the election held pursuant to this Order.
- As set forth in Section 4 hereof, if the bonds are approved, they may be issued in one or more series, to mature serially or otherwise, over a period not to exceed 40 years.
- As of the date of this Order, the aggregate principal amount of the outstanding principal of the District’s debt obligations which are secured by ad valorem taxes is $97,070,000.
- As of the date of this Order, the aggregate amount of the outstanding interest of the District’s debt obligations which are secured by ad valorem taxes is $93,813,916.
- The District’s ad valorem debt service tax rate for 2025 as of the date of this Order is $0.46 per $100 of taxable assessed valuation. The 2026 debt service tax rate has not been established as of the date of this Order.
Section 11. In accordance with the provisions of Section 1251.052 of the Texas Government Code, the voter information document for Proposition A set forth in Sections 4 and 7 hereof is set forth in Exhibit “A” attached hereto.
The President or Vice President is authorized to execute and the Secretary or Assistant Secretary or Secretary Pro Tempore to attest this order on behalf of the board; and any of said officers is authorized to do all things necessary and legal in connection with the holding and consummation of said bond election.
Passed, ordered and adopted, this January 26, 2026.
Jerry Nelson
President
ATTEST:
James Bertus
Secretary
Exhibit A
DOWDELL PUBLIC UTILITY DISTRICT
VOTER INFORMATION DOCUMENT
PROPOSITION A
“THIS IS A TAX INCREASE; Shall the Board of Directors of Dowdell Public Utility District be authorized to issue bonds of the District in the maximum amount of $20,000,000 for the purpose of designing, acquiring, constructing, improving, equipping, and financing park and recreational facilities within the District, and to levy and collect a sufficient ad valorem tax on all taxable property within the District to pay the principal of and interest on the bonds?”
Principal Amount of Bonds to be Authorized: $20,000,000
Purpose of the Bonds: Park and recreational facilities.
Estimated Interest Rate: 5.5% per annum
Estimated Maturity: 25 years
Estimated Total Principal and Interest: Approximately $57,500,000
Estimated Annual Tax Impact on average District Home ($315,000) : Approximately $320 Annually
DISTRITO DE SERVICIOS PÚBLICOS DOWDELL
DOCUMENTO DE INFORMACIÓN PARA LOS VOTANTES
PROPOSICIÓN A
ESTO ES UN AUMENTO DE IMPUESTOS; ¿Se autorizará a la Junta Directiva del Distrito de Servicios Públicos Dowdell a emitir bonos del Distrito en una cantidad máxima de $20,000,000 con el propósito de diseñar, adquirir, construir, mejorar, equipar y financiar instalaciones de parques y recreación dentro del Distrito, y a imponer y recaudar un impuesto ad valorem suficiente sobre toda propiedad sujeta a impuestos dentro del Distrito para pagar el capital y los intereses de los bonos?
Monto principal de bonos a autorizar: $20,000,000
Propósito de los bonos: Instalaciones recreativas y parques.
Tasa de interés estimada: 5.5% anual
Vencimiento estimado: 25 años
Monto total estimado de capital e intereses: Aproximadamente $39,900,000
Impacto fiscal anual estimado para una Vivienda ($315,000): Aproximadamente $320
KHU TIỆN ÍCH CÔNG CỘNG DOWDELL
TÀI LIỆU THÔNG TIN CỬ TRI
ĐỀ XUẤT A
ĐÂY LÀ MỘT VIỆC TĂNG THUẾ; Liệu Hội đồng Quản trị của Khu Tiện ích Công cộng Dowdell có được phép phát hành trái phiếu của Khu với số tiền tối đa là $20,000,000 nhằm mục đích thiết kế, mua lại, xây dựng, cải thiện, trang bị và tài trợ các cơ sở công viên và giải trí trong Khu, và áp dụng तथा thu thuế bất động sản (ad valorem) đầy đủ trên tất cả tài sản chịu thuế trong Khu để thanh toán tiền gốc và lãi của các trái phiếu hay không?
Tổng số tiền trái phiếu được ủy quyền: $20,000,000
Mục đích: Công viên và cơ sở giải trí.
Lãi suất ước tính: 5.5% mỗi năm
Thời hạn ước tính: 25 năm
Tổng số tiền gốc và lãi ước tính: Khoảng $57,500,000
Tác động thuế hàng năm ước tính cho nhà ($315,000) : Khoảng $320.00