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Ellis County delays final vote on Stonewood North CID, seeks higher petition standards and clearer cost breakdowns
Summary
County commissioners heard detailed questions from homeowners and bond counsel about the Stonewood North Community Improvement District petition, financing and assessments and agreed to review proposed minimum standards at a Jan. 27 work session rather than vote now.
Ellis County commissioners on Dec. 16 declined to approve the Stonewood North Estates community improvement district (CID) petition and instead directed staff to convene a work session to set minimum standards for future CIDs.
The proposal would finance roughly two miles of internal subdivision roads and a short connecting segment via a special assessment bond. County administrator Darren Myers outlined a draft petition and said the financing approach uses upfront bonding so the homeowners’ assessments can be collected over a multi‑year schedule while bond proceeds pay initial costs.
Homeowners and financial advisers pressed for clarity on several points. Larry Kliman, Ransom Financial, said his current…
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