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Council advances public hearing for Nature's Ridge subdivision street improvements, developer to be assessed
Summary
A resolution to bid and construct street and utility work to finish Nature's Ridge was approved; the city estimates $1.71 million in costs to be assessed to 30 lots, with per‑lot estimates and payment deadlines described.
Austin City Council on March 3 approved a resolution to proceed with street and utility improvements for the Nature's Ridge subdivision (Project 25‑303), a project staff estimated at $1,710,000 that will make about 30 residential lots buildable.
Staff described the work as roughly 1,800 feet of roadway construction that will include grading to create buildable lots, sanitary and storm sewer, water main, gas and electric extensions by Austin Utilities, street lighting and a single‑side sidewalk. City staff said the project will use asphalt pavement with curb and gutter and aggregate base. The cost estimate of $1,710,000 covers street improvements, utilities and city staff time; staff said they intend to finalize assessments after construction and that 100% of the project cost will be assessed to the 30 lots.
Under the plan presented, the per‑lot estimate at current figures would be about $57,000 per lot. Staff said lot owners would have until Oct. 30, 2025, to pay the full amount without interest or pay at least 50% with the remainder placed on property taxes spread over 15 years at an interest rate 2% above the city’s borrowing rate. Staff noted that assessments would be required to be paid off on sale of a lot.
City staff said the project is slated for bidding in March if council approves and construction could begin in May with a target completion in August. The city also noted plat approvals and a developer’s agreement were approved at prior meetings and that the developer has agreed to extend utilities and construct the roadway per the agreement.
Council approved the resolution to proceed with bidding and the public‑hearing schedule for assessments by a recorded vote of 6–0 (one council member listed as absent for this item). Staff said a final assessment hearing will follow construction when actual costs are known and the city will send final assessment statements to the lot owners then.
