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Denison council approves creation of Preston Harbor public improvement district
Summary
After a public hearing with residents raising infrastructure and information-access concerns, the Denison City Council adopted a resolution creating the Preston Harbor Public Improvement District, a developer-financed tool to pay for roads, utilities and other on-site public improvements within roughly 1,000 acres of the Preston Harbor property.
The Denison City Council on Monday adopted a resolution creating the Preston Harbor Public Improvement District, a developer-requested financing tool intended to fund infrastructure for the northern portion of the Preston Harbor property.
City planning staff presented the petition and said the city has followed required state notice procedures. "A public improvement district is a financing mechanism for the developer to use," Mary Tate said, explaining that the petition covers the northern portion of the Preston Harbor property — approximately 1,000 acres — and that the estimated authorized improvements are capped at $300,000,000.
At a public hearing, nearby residents said…
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