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Hitchcock council approves amended financing and PID terms for Gulf Breeze development
Summary
The city approved an amended alternate financing agreement and a public improvement district (PID) development and reimbursement agreement for the Gulf Breeze/Windy Hill project, increasing the planned homes from 700 to 706 and authorizing steps toward PID bonds and impact-fee reimbursement.
City of Hitchcock leaders on Monday approved updated financing and public-improvement agreements to advance construction of the Gulf Breeze (Windy Hill) residential development.
City staff and the developer presented an amended and restated alternate financing agreement that revises terms of a 2023 deal, adds specific development requirements, and adjusts the planned number of homes from 700 to 706. A companion public improvement district development agreement and a reimbursement agreement outline how the developer will build necessary on-site and…
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