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Council creates Arcadia public improvement district and approves developer-funded professional services agreement
Summary
The council held a public hearing and approved the creation of the Arcadia public improvement district (PID) and a professional services agreement allowing the developer to pre-fund consultant costs so the city avoids direct expenditures for PID formation and administration.
MANSFIELD, Texas — Mansfield City Council opened and closed a public hearing and approved a resolution creating the Arcadia public improvement district (PID) and a companion professional services agreement (PSA) allowing the developer to pre-fund consultant costs, bond counsel and administration related to the PID.
Staff presented the…
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