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Council OKs Rosati’s liquor permit and authorizes PID bond refunding; bond sale contingent on minimum savings
Summary
Council approved a specific-use permit for on-premise alcohol sales at Rosati’s Pizza and authorized the issuance of up to $17 million in Trophy Club PID refunding bonds, with staff and financial advisors to execute the sale if market conditions produce at least $4 million in net present-value savings.
At Monday’s meeting the Trophy Club Town Council approved a specific-use permit allowing on-premise alcohol sales at Rosati’s Pizza (2210 State Highway 114, Suite 250) and authorized staff to proceed with a refunding bond sale for Trophy Club Public Improvement District No. 1.
On the Rosati’s item, staff said the application was routine: the restaurant had a change of ownership and needed a new certificate of occupancy and associated SUP for on-premise sales under…
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