Up to $15.12 million in Veramendi district bonds has reached New Braunfels City Council for a consent vote.
The proposed bonds would be repaid from property taxes within Districts 1A, 1D and 1F, not from the City of New Braunfels' treasury.
The City Council agenda places file 26-1149 on the consent agenda for the 6 p.m. Sept. 28 meeting at City Hall. Consent is proposed, not final.
Three issues, three tax bases
The draft resolution divides the package into as much as $3.635 million in utility bonds for District 1A, $8 million in road bonds for District 1D and $3.485 million in road bonds for District 1F. Each issue may be reduced but not increased beyond the listed principal.
City staff says approval would bring total authorized debt issued for the master district and its subdistricts to $93.695 million.
District 1A's presentation lists a 2026 taxable value of $567.27 million and says its outstanding debt would reach $54.905 million after the issue. District 1F lists $47.17 million in taxable value and $7.285 million in post-issue debt.
District 1D's proposed $8 million issue is conditional. Its presentation lists $84.97 million in 2026 taxable value and says the principal would be adjusted downward if a requested Sept. 1 value estimate does not support the debt ratio sought for bond insurance.
The district presentations list 2026 total tax rates of $0.79 for 1A and $0.85 for both 1D and 1F. They say the bond issues are not expected to change those total rates, but that is a projection rather than a guarantee of future tax bills.
What the city is deciding
The city's staff report says a development agreement with Word-Borchers Ranch Joint Venture, identified there as Veramendi, authorizes as much as $620 million in debt for eligible designated purposes. The proposed resolution cites Section 8.2 of that agreement as the basis for seeking the city's written consent.
If the city consents, the district presentations list expected sales in October or November 2026, with principal maturities extending as late as 2052.
What to watch next
The final sale documents would establish each issue's actual principal, interest cost and repayment schedule. City staff also says the Texas Commission on Environmental Quality provides final approval for water-district bond issues, so that agency's record is another checkpoint after any city consent.
Readers can inspect the city's proposed resolution and district presentations for the maturity schedules and tax-base figures. The full Sept. 28 council guide places the consent item alongside the rest of the meeting, while earlier Veramendi infrastructure coverage provides project-level context from separate state filings.