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Josephine council approves PID ordinances, budget amendment, contracts and code updates
Summary
The Josephine City Council on a single agenda approved assessment and bond ordinances for two PIDs, a midyear budget amendment, a street rehabilitation contract and several code updates, and agreed to proceed on major water and wastewater projects. Multiple roll-call votes carried the measures.
The Josephine City Council approved a package of ordinances, contracts and procedural items after routine presentations and brief debate.
Most prominent were two Public Improvement District actions: the council accepted an assessment and services plan for the Morningside PID and approved related bond documents, following a presentation by the city’s financial advisor. The advisor said the Morningside financing amounts to $3,873,000 and will generate roughly $3,080,000 for the developer and fund the project’s debt-service reserve;…
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