Consider approval of a resolution of the Board of Directors of the Denton City Public Facility Corporation, amending the bylaws of the Corporation pursuant to chapter 303 of the Texas Local Government Code; and providing an effective date.

Summary

This item concerns the amendment of the bylaws for the Denton City Public Facility Corporation (DCPFC). The proposed amendments aim to clarify the role of City Staff in DCPFC operations and to allow net revenues generated by public facilities related to multifamily residential development to be used as a fee-in-lieu of exempted property taxes for the City of Denton or other taxing entities, such as the Denton Independent School District. The DCPFC was initially created on May 7, 2024, with its first bylaws approved on January 7, 2025, and subsequently ratified by the City Council on August 19, 2025. This resolution seeks to approve these amended bylaws.

Citizen Impact

These bylaw amendments clarify operational roles and allow for revenues from multifamily residential developments to be used as a fee-in-lieu of taxes, potentially impacting the allocation of funds for city services and school districts.

Confidence

high