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Developer explains proposed Wilmette Heights PID; council and residents press on affordability, mill levy and default risk
Summary
Flagship Homes and a municipal adviser briefed the council on a proposed public infrastructure district (PID) to finance roads, utilities and open space for Wilmette Heights. Presenters proposed a 5-mill cap, a 30-year repayment, and emphasized that PIDs are separate legal entities not city debt.
HARRISVILLE — Developers of the Wilmette Heights project and their municipal adviser told Harrisville City Council members that a public infrastructure district (PID) would allow new development to finance required public infrastructure without using city general funds.
Brandon Green of Flagship Homes described the PID as a financing tool created by the city that covers public roads, water, sewer, stormwater systems, parks and trails. He emphasized that a PID is not a zoning change, not city debt and that only property owners within the PID pay assessments.
Green said the developer is proposing a conservative structure and recommended the city not approve a levy higher than the 5‑mill level…
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