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Mark Wolfe's avatar

Thanks Dan. Appreciate the update.

By the way on the Northwest Dallas County Flood Control District in yesterday’s newspaper. In the 1987-88 Texas crash with real estate, oil and banking all crashing, three master planned communities went bankrupt in the Coppell area. Valley Ranch, Vista Ridge and Riverchase (which extends into the far east side of Northlake Woodlands). The one with the most debt in the bankruptcy with little future aspects of commercial taxes was NWDCFCD. It sat bankrupt and empty for several years and finally a settlement was made and the stockholders would get less than 10 cents on the dollar. The Flood District was created to pay off the debt and stockholders, set at 30 cents per $100 for life. I am surprised and pleased that you reported it is dropping to 27.5 cents. That is great news. The homeowners get absolutely no value for living in the district in regard to pay that additional tax.

Mark Wolfe

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Donna Bekavac's avatar

Thank you for the updated info. I’m worried about our public schools with our governor trying to defund public education and give private schools money. I’m truly worried about people bad mouthing public education. Public education was the engine that helped our country produce world leaders in all areas. It’s heartbreaking to hear the vitriol aimed at public schools and school boards!

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