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Granbury dissolves and recreates Lakeview Landing PID after attorney-general wording changes

2088968 · January 8, 2025

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Summary

The City Council held public hearings and adopted resolutions to dissolve the existing Lakeview Landing Public Improvement District (Resolution 24-18) and then create a new PID for the same property and purposes with revised wording to meet the Texas attorney general's interpretation (Resolution 24-19).

The Granbury City Council on Dec. 17 conducted public hearings and approved a two-step action to dissolve the existing Lakeview Landing Public Improvement District and immediately create a new district using revised language intended to comply with guidance from the Texas attorney general's office.

City attorney and staff explained the action was a follow-up to a prior meeting after an attorney-general interpretation required more specific wording for PIDs that will issue bonds. Jordan Selback, the city's attorney for the item, told the council these changes are intended to prevent complications when the city or a developer later seeks attorney-general review of bond documents. No members of the public spoke during either public hearing; staff confirmed the required notices had been mailed.

The council first voted to adopt Resolution 24-18 to dissolve the existing Lakeview Landing Public Improvement District (originally created by Resolution 23-19). That motion was moved by Mister Corrigan and seconded by Mister Rodriguez and passed unanimously. The council then opened a second public hearing, received no public comment, and adopted Resolution 24-19 creating the new Lakeview Landing Public Improvement District with the revised language; the motion to create the new PID was moved by Mister Wadley and seconded by Mister Allen and also passed with no opposition.

City staff said the new district covers the same property and purposes as the previous district; the updated wording is intended to ensure future bond sales are consistent with the attorney general's more stringent review. No specific bond issuance or financing was approved at the meeting; creation of the new PID is an administrative step to position the project for potential future financing.

Votes at a glance: Resolution 24-18 (dissolve existing PID) —Motion: Adopt resolution dissolving the Lakeview Landing Public Improvement District (originally created by Resolution 23-19). Mover: Mister Corrigan. Second: Mister Rodriguez. Outcome: Passed (unanimous). Resolution 24-19 (create new PID) —Motion: Adopt resolution creating a new Lakeview Landing Public Improvement District with revised wording to conform to attorney general guidance. Mover: Mister Wadley. Second: Mister Allen. Outcome: Passed (unanimous).