Municipal Property Corporations (MPC) are legal entities established to provide a financing mechanism for certain capital improvement projects. Historically, these corporations have been used to finance debt for growth-related projects with much of the debt service paid by system development fees. Participation and expectations vary tremendously from year to year. In years when bonds are not sold, there is often just one annual meeting which is required to review the annual finances for the MPC. In other years when a bond sale is anticipated, much might be required of the MPC.

Bylaws - Ratified 2023

Ideal Candidate Statement

The ideal candidate for the Water Resources Municipal Property Corporation will be satisfied with the sometimes limited activity, but also fully engaged when the need arises. He/she will have demonstrated ability to:

• Understand moderately complex financial statements;
• Process complex information and draw reasonable conclusions; and
• Work effectively with other corporation members and with staff.

Meeting Calendar