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Council denies developer request to raise Saddlebrook Phase 4 PID assessment after concerns about affordability and scope
Summary
Waxahachie council members on May 21 denied a developer’s request to raise the Saddlebrook Phase 4 PID assessment to as much as 79¢ per $100 of assessed value, citing affordability and long-term maintenance concerns.
The Waxahachie City Council voted on May 21 to deny a request from Centurion American Development Group to increase the Saddlebrook Phase 4 public improvement district (PID) assessment. The developer had asked to raise the assessment on new lots in Phase 4 to as much as 79¢ per $100 of assessed value to cover rising infrastructure costs.
Centurion representatives said construction and public-infrastructure costs have risen substantially since the project was planned and that the requested assessment would help recoup…
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