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Council approves inclusion of 14.2 acres into Ladera Business Improvement District
Summary
The council approved second reading to include 14.2 acres owned by Connell LLC into the Ladera Business Improvement District (BID). Staff said the inclusion was anticipated in the BID’s operating plan; the developer intends to issue senior and subordinate bonds this year to finance infrastructure.
Timnath Town Council approved Ordinance No. 9, Series 2025, to include approximately 14.2 acres of property owned by Connell LLC into the Ladera Business Improvement District (BID).
Staff told the council the BID was organized in 2021 to finance public improvements and support commercial development; the inclusion area had been listed as a future inclusion area in the district’s…
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