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Council approves public improvement district for Crossing at Montgomery after public hearing
Summary
The Montgomery City Council voted to create a public improvement district for the Crossing at Montgomery, approving a developer-backed financing plan that will place a special assessment on future homebuyers; residents at the public hearing urged clearer disclosure and protections for homeowners.
The Montgomery City Council on Tuesday adopted a resolution creating a public improvement district (PID) for the Crossing at Montgomery development, approving the district after a public hearing and discussion of assessment terms and homeowner protections.
The PID will fund public infrastructure for the 86-acre neighborhood known in the filings as the Crossing at Montgomery. Developer representatives described a financing plan based on an annual special assessment and a 30-year repayment term. Bertrey Moss, a developer participating in the proposal, summarized the district’s structure during the hearing: "The assessment is 2,000 per year." The council approved the resolution by voice vote after a motion and second; the mayor declared "the ayes have it."
The PID is limited to the legal description approved by council and will assess only properties inside that district, officials said at the hearing. Moss and…
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