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Mesquite council approves Solterra PID assessment plan and authorizes levy tied to developer reimbursement bonds
Summary
City officials held public hearings and approved service and assessment plans for multiple Solterra Public Improvement District phases. Finance staff said assessments are levied on Solterra lots and paid by future homeowners via 20-year installments; a bond sale is planned to reimburse developers for public-improvement costs.
The Mesquite City Council on Oct. 20 held public hearings and approved ordinances to levy assessments for several improvement areas in the Solterra Public Improvement District and to adopt corresponding service and assessment plans.
Finance Director Ted Chen outlined the assessments and the amortization approach across multiple improvement areas (A-2, A-3.1, A-3.2, A-4, A-5 and C-4). Chen said the assessments are…
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