One voter in this North Texas community creates $1.4 billion water district

A single vote was all it took to approve a $1.4 billion bond and to elect a board of directors to create a water district to serve a portion of the Reunion master-planned community near Rhome that has not been developed yet. Reunion is on land formerly known at the Rolling V Ranch.

Peter Pincoffs, a partner at Dallas-based PMB Capital Investments , said the Texas Election Code and the Texas Water code allows water districts to be created with a majority vote.

"In this case, only one registered voter resided within the District's boundaries and was eligible to vote in favor of the District's ballot propositions," Pincoffs wrote.

The seven ballot propositions to form the Rolling V Ranch Water Control and Improvement District No. 4 included: authorizing $1.047 billion for drainage, sewer, waterworks and storm sewer facilities, $377.8 million for roads, a maintenance and operations tax not to exceed $1 per $100 of valuation for district operations, a maintenance and operations tax not to exceed 25 cents per $100 for roads taxes to pay for water and sewer facilities and a debt service tax for master district road bonds.

The ballot also included approving the water district's board of directors.

Pincoffs said the water district is on the southern end of Rolling V and takes in around 700 acres. D.R. Horton purchased the first phase and recently started grading for 450 lots, he said.

The development, on the former Rolling V Ranch at Texas 114 and U.S. 287, will eventually have 10,000 homes, bringing thousands of students to the Northwest school district.

Development is underway in Reunion and Bluestem, mostly along FM 3433, Pincoffs said.

Around 850 lots have been completed and another 575 under development, Pincoffs said.

"No commercial development is underway, but we will share updates as they become available," Pincoffs said.