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Council approves first reading to levy assessments for Preserve at Water Oak PID
Summary
The council adopted on first reading an ordinance to levy special assessments for the Preserve at Water Oak Public Improvement District, a 100% commercial PID at Highway 29 and Water Oak; second reading is scheduled for July 22 and bond issuance will occur at later meetings.
The Georgetown City Council on a first reading approved an ordinance to levy special assessments and adopt a service and assessment plan for the Preserve at Water Oak Public Improvement District (PID).
Nick, a city staff member presenting the item, said the PID covers roughly 20 acres at the Highway 29 and Water Oak intersection and is a 100% commercial district. He reminded council that staff…
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