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Kyle advances 6 Creeks PID Improvement Area 6 toward bond financing and public hearing
Summary
Council approved preliminary steps for Improvement Area Number 6 of the 6 Creeks Public Improvement District—approving a preliminary service and assessment plan and authorizing a preliminary offering memorandum for special assessment revenue bonds; staff set a May 19 public hearing and estimated improvement costs at about $18.3 million.
The City of Kyle on May 5 approved two related resolutions advancing Improvement Area Number 6 of the 6 Creeks Public Improvement District (PID) toward bond financing: a cost determination and preliminary service and assessment plan, and a preliminary limited offering memorandum for special assessment revenue bonds tied to the area’s improvements.
Chris Gavar, attorney with Norton Rose Fulbright, told council the service and assessment plan currently…
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