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Council approves Park 79 PID billing, reimbursement and developer deposit agreements
Summary
Council approved an agreement for Williamson County to handle billing and collection for the Park 79 Public Improvement District and two developer agreements: an acquisition/reimbursement agreement capped at $5 million and a $50,000 developer deposit to cover city costs until assessments are levied.
Taylor City Council approved multiple items Dec. 11 related to the Park 79 Commerce Public Improvement District (PID), which will fund infrastructure for a roughly 69‑acre development near Highway 79 and County Road 401.
Staff recommended and council approved an agreement with Williamson County for billing and collection of PID assessments so the county tax office can include the assessment on property tax bills. Mr. Powers told…
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