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Trophy Club updates PID service and assessment plan after refinancing; ends separate fire assessment
Summary
Trophy Club’s Town Council on Sept. 22 approved an updated service and assessment plan for Public Improvement District No. 1 following a 2025 bond refinancing that staff said will reduce debt service by about $4,000,000 and approved repeal of a separate emergency‑services assessment.
Trophy Club’s Town Council on Sept. 22 approved an updated service and assessment plan for Public Improvement District No. 1 following a bond refinancing the town says reduced debt service costs by about $4,000,000 and shortened the outstanding debt term by one year. The council also approved an ordinance finding that a separate annual emergency‑services assessment for the PID no longer provides a special benefit to the property and repealed the PID’s emergency‑services service and assessment plan.
April, a town staff member who conducted both public hearings,…
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