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Developers describe Morgan Farms and Morningside development financing; PID administrator explains assessments
Summary
Developers and the PID administrator explained how Public Improvement Districts for Morgan Farms and Morningside will use property assessments — not city taxes — to fund streets, water and sewer infrastructure, and described lot counts, financing options and buyer disclosure requirements.
Developers for Morgan Farms and Morningside and the city's PID administrator gave a detailed presentation to the Josephine City Council about how two Public Improvement Districts (PIDs) will be used to finance infrastructure for upcoming subdivisions.
Representatives from Brightland Homes (soon to be DRB Group) and Meritage Homes outlined project scale and timing: Morgan Farms includes roughly 413 lots with an estimated build-out of about 310 homes for the first phases; Morningside is roughly a 55-acre tract with approximately 215 lots. Both developments are under active construction and…
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