Developer-financed infrastructure districts
Where it standsThe Board adopted policies for considering infrastructure development district petitions on a 4-1 vote in August 2026; it had already approved the Waldron Road district.
What's on the tableWhether and on what terms to approve future developer petitions for districts that fund infrastructure through special assessments on tax bills.
- Tennessee's Real Estate Infrastructure Development Act of 2025 lets developers ask local governments to establish districts that finance infrastructure through special assessments billed with annual property taxes. La Vergne BMA Aug. 4, 2026 agenda packet · Aug 4, 2026
- Staff said the debt financed through such a district is not the city's responsibility, but the city must forward the collected assessments to a third-party administrator. La Vergne BMA Aug. 4, 2026 agenda packet · Aug 4, 2026
- The Board approved Resolution #2026-22 amending and restating the Waldron Road Infrastructure Development District on July 7, 2026. La Vergne BMA minutes, July 7, 2026 regular meeting (in Aug. 4 agenda packet) · Jul 7, 2026