TX HB5658

Creates the Craver Ranch Municipal Management District No. 1 in Denton County, Texas, covering approximately 2,801 acres near the City of Sanger, governed by a five-member elected board of directors serving staggered four-year terms

Grants the district authority to issue bonds, impose assessments (but not ad valorem taxes), and collect fees to fund infrastructure improvements including water, wastewater, drainage, roads, parking facilities, and recreational amenities

Requires execution of a development agreement between the City of Denton and the primary landowner before the district can exercise any powers; if no agreement is reached by September 1, 2030, the city may request dissolution of the district

Provides limited eminent domain power (subject to Water Code restrictions) if the bill receives a two-thirds vote in both legislative chambers; otherwise, the district is prohibited from exercising eminent domain

Names five initial directors (Jessica Burton, Paul Aycock, Isabelle Holbrook, Ana Martin, and Justine Spurgin) who serve until permanent directors are elected or four years from the effective date, whichever comes first