LEGISLATIVE ACTION TO CREATE PATH TO INCORPORATION Clarify

LEGISLATIVE ACTION TO ”CREATE PATH TO INCORPORATION” • Clarify Authority of TWT To Call Election • Clarify Authority to Incorporate as a General Law City • Empower the New City to Assume All Assets and Liabilities of TWT • Clarify Powers of TWT to Dissolve Itself • Attempt to Preserve Current Revenue Streams and Authorities • Empower the New City to Administer & Enforce Covenants OTHER • Solidify Territorial Boundaries Path to Becoming a City Efforts Successful ? Timeframe to Achieve-2017 -2023 ? ? YES Finalize MUD Strategy & Assumptions Election to Approve General & EDC Sales Tax , Hotel Tax (Requires Ordinance) (Nov or May Uniform Election Date? ) Merge Township into New City Update New City Financial Projections Adopt City Budget/ Property Rate for Following Year (August) Educate Voters Timeframe To Achieve Support ? ? Determine Voter Support YES Wait 3 Years & Repeat Process NO Elect City Governing Body Mayor + 5 Aldermen (May Uniform Election Date? ) Incorporation Election to Form a “General Law City” (Nov Uniform Election Date? ) Simultaneous Election ? YES 24 to 36 Months After Incorporation ? Timeframe To Achieve— 1218 Months ? Form Charter Commission (Elect or Appoint Members) 18 -24 Months ? Develop Home Rule Charter Educate Voters Determine Voter Support YES Election to Adopt Charter & Home Rule Form of Government (Council-Mgr. Plan? )

MUD Annexation Options Does TWT and MUD Territory Overlap 100% ? NO YES Does TWT Elect by Ordinance to Annex MUD ? YES MUD is abolished and all Assets, Liabilities & Functions are Absorbed by TWT (within 90 days of Ordinance Passing) • Exclude property from MUD? • Annex property into TWT? Can Non TWT Property within MUD be resolved ? NO YES NO MUD Continues to operate as before Incorporation by mutual agreement with TWT (Limited District)