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Granbury council approves Lakeview Landing PID assessments and $15M special-assessment bond
Summary
Granbury City Council adopted ordinances creating three Lakeview Landing Public Improvement District assessment areas and authorized up to $15,000,003.33 in special-assessment revenue bonds; council votes were unanimous.
Granbury City Council on April 15 adopted ordinances establishing three Public Improvement District (PID) assessment areas for the Lakeview Landing development and authorized the issuance and sale of up to $15,000,003.33 in special-assessment revenue bonds to fund the project.
The council voted 6-0 to approve ordinances 25-16, 25-17 and 25-18 levying special assessments for improvement areas 1, 2 and 3 of the Lakeview Landing PID, and then unanimously approved ordinance 25-19 to authorize issuance and sale of the City of Granbury, Texas Special Assessment Revenue Bonds Series 2025 for the project. The council’s action authorizes the city to issue debt that will be serviced by property assessments inside the PID, not by general city taxpayers.
The PID will fund public improvements tied to the Lakeview Landing development, which the city said includes commercial parcels (hotel, restaurant, apartments), single-family residential lots, and a future assisted-living parcel. City Manager Michael Kaufman told the council the bond and related liens “will be…
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