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Hillsborough LID experience offers Redmond a playbook: developer pre‑assessments, balloon payment and lengthy administration
Summary
Hillsborough officials described a decade‑long LID used to accelerate $325 million in transportation infrastructure for a large urban expansion, including pre‑assessment agreements with developers, a $14.3M balloon payment to the county and administrative practices to shield end‑homebuyers from surprise bills.
Hillsborough officials told Redmond council that their South Hillsborough LID was designed to accelerate infrastructure for a major urban growth expansion — roughly 8,000 homes and about 20,000 future residents — by using developer pre‑assessments and carefully staged financing.
Greg Snyder (transportation planning supervisor) said the LID’s primary purpose was to create a cash call needed to make large, front‑loaded payments that the county required to advance engineering and construction. He identified a $14,300,000 balloon payment to Washington County as a central obligation the LID enabled.…
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