The Agency was created through the adoption of concurrent ordinances by the City of Bee Cave, West Travis County MUD No. 5, and Hays County. Each entity individually published notices of its intent to create the Agency and held public hearings, in compliance with Chapter 572. No one objected to the creation of the Agency at any of the public hearings held by each entity.
The three entities further clarified the structure of the Agency through the joint execution of the Acquisition, Water Supply, Wastewater Treatment and Conditional Purchase Agreement (the “Participant Agreement”). The Participant Agreement requires all Agency system cash flow, after the payment of operating expenses and debt service, to be used to cash fund any required system improvements, expansions, and then to promote rate stability. In order to help ensure access to future financing, the participants are restricted from taking any income or compensation from the Agency.