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Josephine council directs staff to advance financing plans for Morningside, Morgan Farms PIDs
Summary
After detailed presentations and extended Q&A, the city council directed staff to proceed with plan‑of‑finance work and publication steps for two developer‑led public improvement districts — Morningside and Morgan Farms — noting statutory notices, appraisals and offering documents are next steps.
A majority of the Josephine City Council on Feb. 9 directed city staff and bond counsel to move forward with plan‑of‑finance work for two proposed public improvement districts (PIDs) tied to the Morningside and Morgan Farms developments.
Rudy Seguda, bond counsel with McCall, Parkhurst & Horton, told the council the next steps include adopting resolutions, publishing certified notices to landowners and preparing service and assessment plans that would support special assessment revenue bonds. "This is not an action item," Seguda said, asking only for…
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