Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves modification to Watson Road CFD assessments; one written protest denied
Summary
The board closed a public hearing and approved a resolution modifying assessments for the Tyler Ranch portion of the Watson Road Community Facilities District, assigning a pro rata remaining bond obligation of about $1,767 to 303 lots; the board also denied a one‑sentence written protest.
Larry (presenting for Brandon Swagger) summarized a proposed modification to assessments in the Watson Road Community Facilities District (CFD) and told the board the action reallocated remaining bond principal and interest to newly created lots at Tyler Ranch.
Larry said the Watson Road CFD was formed in February 2005 and issued approximately $49 million in special assessment revenue bonds to finance infrastructure; the Tyler Ranch parcel was about 71 acres and, after subdivision, became 303 lots. Under the proposed modification, the remaining principal and interest attributable to that parcel would be assessed pro rata to the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
