Developers present High Star Ranch public infrastructure district plan; council schedules follow-up work session

Developers of the High Star Ranch project presented their plan to form a Public Infrastructure District (PID) at the Kamas City Council meeting Oct. 14, saying the financing tool would accelerate public-infrastructure construction for a mixed-use project that includes a hotel, retail and residential components. The presentation described how PIDs issue tax-exempt bonds and special assessments secured by property in the PID; developers said repayment obligations rest with the owners and the district, not the city’s general credit.