Business View Civil & Municipal Apr-2023

72 CIVIL AND MUNICIPAL VOLUME 4, ISSUE 4 Finding your next home just got easier. Willow at Sierra Vista is a brand new Rosharon neighborhood that provides single-family homes for rent in Greater Houston. Our professionally managed neighborhood offers a variety of spacious three- and four-bedroom layouts to choose from, ensuring the best match to meet your needs. Willow’s ideal location and desirable list of community amenities will leave you feeling right at home—the professionally-managed lawns, 24-hour emergency maintenance, contemporary open floorplans, handcrafted cabinetry, sleek appliance package and more make us the ideal one-stop shop for your new home and neighborhood. Experience all the benefits of living in your brand new home without the burden of ownership at Willow at Sierra Vista in Rosharon, TX. The Meridiana community is in a Tax Increment Reinvestment Zone (TIRZ), and a Municipal Utilities District (MUD). This allows the developer to invest in high-quality infrastructure, such as roads, water, and wastewater systems, and later be reimbursed through those funding mechanisms. Sterling Lakes is also a MUD, and Hemminger relays that when they were annexed into the city, a rebate agreement was created to keep the tax rate consistent throughout Iowa Colony. “The city gives some of the property taxes back to the MUD to basically buy down the MUD tax rate,” he says.” It keeps us on an even playing field throughout the community.” That also enabled the building of infrastructure in both of these communities to be done by the developer. “The city was such a small community, it was even referred to back then as a village, and it just didn’t have the funding or the capacity to go in and invest in that infrastructure to support this growth, “acknowledges Hemminger.