Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Gunter council levies assessments, sells PID bonds for Bridges phase 2; debate over Mustang interlocal draws opposition
Summary
City Council approved final service assessments and sold special assessment revenue bonds to fund public infrastructure in the Bridges phase 2 PID. The meeting also approved a cooperative interlocal with Mustang SUD after debate and at least one opposed vote.
Gunter’s City Council on March 20 adopted an ordinance levying special assessments for the Bridges Phase 2 public improvement district (PID) and authorized the sale of special assessment revenue bonds to reimburse public infrastructure costs, city staff and the city’s financial adviser said.
Jason, the city’s financial adviser, reported that the city sold $6,466,000 in PID bonds with a 30‑year term and a true interest cost of about 5.96 percent. Proceeds available for public‑infrastructure reimbursement were reported at roughly $5.0 million; council materials presented the PID as benefiting an estimated 40 lots with an…
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
