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Council approves Stable PID assessments and $9.17M bond sale to fund infrastructure
Summary
Mansfield approved the service and assessment plan for the Stable Public Improvement District, a reimbursement agreement with the developer, and the sale of $9,165,000 in PID bonds to fund roughly $7.1M of public improvements for a 189‑lot phase 1.
The Mansfield City Council voted Aug. 25 to move forward with a package of actions to enable infrastructure for the Stable Public Improvement District (PID) Phase 1.
City staff presented the service and assessment plan and a reimbursement agreement for Improvement Area No. 1, which covers roughly 189 residential lots in phase 1 and anticipates a full buildout value of about $85 million. The council held the required public hearing before considering the plan and related documents.
Nick Boulash of Hilltop Securities, the city’s financial advisor for the…
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