Lago Vista City Council Reviews Tercero Lake Travis Public Improvement District Updates

During the recent Lago Vista City Council meeting held on August 21, 2025, significant discussions centered around the ongoing development within the Tercero Lake Travis Public Improvement District (PID). The council reviewed the 2025 Annual Service Plan Update, which outlines the progress and future plans for the district, including the establishment of 1,880 residential lots, with 1,060 already platted. The development will feature various amenities such as parks, pools, hike and bike trails, and a boat ramp, with additional facilities planned for future phases.

A key focus of the meeting was the financial structure of the PID, which operates under Texas law. The council discussed the history of the PID, including the initial assessments levied in 2012 and subsequent amendments to the service and assessment plan (SAP). The annual update is mandated by law to ensure that the projected costs for improvements are reviewed and adjusted as necessary. This year's update includes a detailed assessment role, which outlines the financial obligations for property owners within the district.

Concerns were raised regarding the accuracy of property assessments communicated to potential buyers. Council members highlighted instances where residents were misinformed about their assessments, leading to confusion and frustration. One resident reported being told their assessment would be $10,000, only to later discover it was actually $70,000. The council emphasized the importance of accurate disclosures during the home buying process and discussed the limitations of current legislation in protecting buyers from misinformation.

The council also addressed the need for improved transparency and accessibility of information regarding PID assessments. Suggestions were made to enhance the city’s website with clearer resources for prospective buyers, including simplified documents that explain how to navigate the complex assessment structure.

In addition to these discussions, the council considered the timing of adopting a more detailed PID disclosure document, which would provide residents with comprehensive information about the amenities and responsibilities associated with the district. However, it was determined that the adoption of this document would be premature until all parkland dedications are finalized and accepted by the city.

Overall, the meeting underscored the city's commitment to managing the development within the PID effectively while addressing residents' concerns about transparency and financial obligations. The council plans to revisit the disclosure document in the coming months, aiming for a more informed and engaged community as development progresses.