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Council keeps PID assessment rates steady, approves Highland Oaks district to fund water infrastructure
Summary
The council unanimously approved assessment rates for multiple public improvement districts (no rate changes) and created the Highland Oaks Public Improvement District to finance a municipal-water project; estimated homeowner assessment and bond plan presented.
The Lubbock City Council on Aug. 26 approved assessment rates for multiple public improvement districts (PIDs) with no changes to the rates and created a new Highland Oaks PID to fund water infrastructure for a fully developed neighborhood recently annexed into the city.
Brianna Brown, the city’s business development director, told the council staff recommended no changes to this year’s assessment rates; many assessments are tied to property value, so a homeowner’s bill can…
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