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Council debates PID policy, asks staff to return with options
Summary
Councilmembers reviewed the city's Public Improvement District (PID) policy under Texas Local Government Code chapter 372, debated exceptions and acreage/rate thresholds, and directed staff to return with options for further discussion in a future meeting.
At the Oct. 6 special meeting the Tomball City Council reviewed the city's Public Improvement District (PID) policy, which staff said is authorized by Texas Local Government Code chapter 372 and establishes eligibility, minimum acreage and assessment-rate guidance for cash and debt PIDs.
City staff explained the policy sets a minimum of 50 acres for PIDs, describes two PID types (cash and debt), and outlines assessment limits historically used by the city: 30-year debt PIDs with a 48-cent cap and 15-year cash PIDs at a 96-cent cap. Staff said debt PIDs generally require a longer term (30 years) to be…
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