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Council advances Valverde Public Improvement District plan and bond authorization steps
Summary
Council approved first reading of the ordinance apportioning Valverde PID costs, the proposed assessment roll and preliminary bond documents and scheduled required public hearing steps ahead of bond pricing and final assessments.
The Bastrop City Council on Feb. 25 advanced creation and financing steps for the Valverde Public Improvement District (PID). Council approved the first reading of Ordinance 2025‑14 that would apportion the cost of infrastructure improvements inside the Valverde PID and approved related resolutions setting the proposed assessment roll and authorizing distribution of a preliminary limited offering memorandum for special assessment revenue bonds.
What the Valverde PID would do: The PID structure creates a special assessment lien against property within the district so infrastructure improvements—streets, utilities and other public infrastructure as designated in the service and assessment plan—can be financed by…
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