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Council approves Ladera BID operating plan and amends GID language to stabilize bond revenue
Summary
The council approved the Ladera Business Improvement District operating plan and a 2025 budget amendment, and later amended the Timnath Landing GID establishing ordinance to tie mill-levy calculations to a 6.8% actual-value baseline, smoothing revenue for future bond sales.
Timnath — The Town Council on Nov. 11 approved the Ladera Business Improvement District's 2026 operating plan and a requested amendment to the 2025 budget and later adopted an amendment to the Timnath Landing General Improvement District establishing ordinance intended to make future debt issuance more predictable.
Staff explained the Ladera BID's operating plan is similar to prior years but reflects a statutory limit-change…
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