Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Terrell approves assessments and bond sales to fund Arboretum Estates infrastructure
Summary
The Terrell City Council approved service and assessment plans and authorized bond sales to finance streets, utilities and parks for the Arboretum Estates development, including two separate improvement-area assessments and a bond issuance package for improvement area 1.
Terrell City Council approved service-and-assessment plans and authorized bonds on Tuesday to fund public infrastructure for the Arboretum Estates development, including a $21.375 million bond authorization for Improvement Area 1 and a separate financing package for the larger, later-built major improvement area. Council and staff said the money will reimburse the developer for streets, water, sewer, drainage, landscaping, parks and trails the developer installs.
The council approved the service and assessment plan after a presentation from Jordan Sawyer, the city’s consultant with P3Wertz, and Jason Hughes, the city’s financial adviser at Hilltop Securities. "The bonds were sold in the…
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
