Relating to the creation of the Colmena Ranch Municipal Management District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

SB 3064 creates the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas, to promote economic development and public welfare in the area. The bill grants the district limited authority to exercise eminent domain for public projects, issue bonds to fund improvements, and impose assessments, fees, and taxes on property within the district. It explicitly states the district is intended to supplement, not replace, existing county services like public safety and infrastructure. This procedural bill establishes a framework for local economic growth and community development in the Colmena Ranch area.