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Council approves creation of Walnut Springs Public Improvement District, authorizes dissolution agreement
Summary
The Seguin City Council voted to create the Walnut Springs Public Improvement District under Chapter 372 of the Texas Local Government Code and approved a companion dissolution agreement and an initial professional services reimbursement mechanism for the developer.
The Seguin City Council on Thursday adopted a resolution creating the Walnut Springs Public Improvement District (PID) and authorized a companion dissolution agreement that would automatically dissolve the district if no activity occurs within two years.
Assistant city staff explained the PID petition met the statutory threshold in Chapter 372 of the Texas Local Government Code, including signatures and appraised-value representation required to form a PID. The…
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