Council approves updated PID service and assessment plan after brief hearing

April (staff) opened the required public hearing on the Town of Trophy Club Public Improvement District No. 1 service and assessment plan and the updated assessment roll. April told the council that notice was published and mailed to property owners and that the annual update outlines outstanding debt obligations, annual assessments and the use of assessment revenues. She reported that PID bonds were refinanced in 2025, "resulting in approximately 4,000,000 in savings over the remaining life of the debt and shortening the repayment term by 1 year." No members of the public registered comments for this item.