Council authorizes PID offering documents; staff, PID administrator clarify bonds are assessment-secured
Council approved distribution of preliminary offering memoranda for two improvement-area projects inside Eagle Pass Public Improvement District No. 1; PID administrator and staff said the bonds would be secured by assessments only on land inside the PID and that the city and general taxpayers would not be liable.
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EAGLE PASS, Texas — The City Council authorized staff to distribute preliminary limited offering memoranda for special assessment revenue bonds tied to Eagle Pass Public Improvement District No. 1, covering Improvement Area No. 1 and Improvement Area No. 2.
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