Granbury council approves resolution to advance Lakeway Landing PID, schedules April public hearings

Granbury City Council voted 6-0 on March 18, 2025, to adopt Resolution No. 25-07, which determines the cost of authorized improvements for the Lakeway Landing Public Improvement District and approves a preliminary service plan and assessment plan, including proposed assessment rolls for three improvement areas. The resolution directs staff to file the proposed assessment rolls with the city secretary and sets three public hearings for April 15, 2025, to consider ordinances levying assessments on properties within the PID.

City Manager Kaufman told the council the project has been in development since 2019 and staff recommended moving forward. Kaufman described engineering and stormwater work needed to convert part of the site from a floodway to developable land, including raising finished grades about two feet above the floodplain and coordinating with the U.S. Army Corps of Engineers. He said bond financing for the improvements would be issued by the PID and paid by property-level assessments rather than by the city’s general taxpayers.

Council discussion touched on product types included in the plan. The preliminary plans show townhomes on 20-foot lots; council members asked about parking and access. Staff responded that the townhomes include rear-entry garages under the units. The council also discussed how the development agreement and financing structure are intended to preserve the city’s tax base from PID debt service by isolating the bonds to the district and its lots.

The resolution as posted includes the assessment rolls for Improvement Areas 1–3 and directs publishing and notifying property owners as required ahead of the April hearings. If the council adopts the related ordinances after the hearings, the assessment rolls would be used to levy debt-service assessments tied to tax-exempt PID bonds identified in the development financing plan.