Greenville – A municipal utility district is now one step closer to being created near Greenville.
The Greenville City Council Tuesday gave its consent to the creation of a proposed municipal utility district (MUD), a portion of which would border the city limits. City Attorney Brent A. Money stressed the vote was only a first step and was needed in order to ask state lawmakers to consider legislative action. The Council also retained a law firm Tuesday, in order to deal with the potential legal issues surrounding the formation of the district.
The municipal utility district is being described as a tool used to sell bonds to raise the revenue necessary to install needed infrastructure. The district as proposed would include slightly more than 6,600 acres north and south of U.S. Highway 380. A strategic partnership agreement would allow the city to collect sales taxes from within the MUD and earn additional revenue from the sale of water and sewer services as the area develops, while allowing for the application of the city's subdivision standards and land use regulations to help govern the development within the district.
Click the MP3 icon to listen as KETR's Greenville Correspondent Brad Kellar reports.