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Myrtle Creek Project

City of Waxahachie, Ellis County, Texas

The Myrtle Creek project is a 1,263-acre primarily residential master-planned community located within the City of Waxahachie, Ellis County, Texas. At full build-out, the project will include 2,491 single-family detached units, 28 acres of multi-family and duplex development, 40 acres of commercial/retail, 32 acres of school grounds, and various community amenities including trails, parks, and a lazy river. The project is being developed by Hines and is located entirely within Myrtle Creek Municipal Management District No. 1 of Ellis County.

Par Amount

$43,143,699.44

Coupon

6.500%

Closing Date

03/27/2025

Debt Structure

Capital Appreciation Bonds

Pledged Revenue

Proceeds from the sale of bonds from Myrtle Creek Municipal Management District No. 1 of Ellis County

Use of Proceeds

Reimbursement and funding of eligible public improvements

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