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Pflugerville council approves Meadowlark Preserve PID assessments and $14.77 million bond issue
Summary
The council approved a special-assessment ordinance for the Meadowlark Preserve Public Improvement District covering 375 single-family lots and authorized a $14,772,000 special-assessment bond sale to finance project proceeds, reserve fund, and issuance costs.
Pflugerville City Council on Feb. 21 approved an ordinance levying special assessments for the Meadowlark Preserve Public Improvement District and authorized a special-assessment bond sale that will fund developer reimbursements and project costs.
At a public hearing, Tracy Waldron, finance director, said the item was a public hearing on levying special assessments tied to the Meadowlark PID. Rob Hazel of p3 works described the development as "the Meadowlark Public Improvement District. It's gonna bring 375 new single family homes into Pflugerville."
The council approved the assessment roll on second reading. Council members asked for details about assessment levels and payment options; Hazel said there are three lot-assessment tiers: $37,462 for the smallest lots, $38,884 for the…
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