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Kyle Council approves Savannah Ranch PID assessments and $12.633M bond sizing
Summary
Council approved ordinances to finalize the project and finance plan for Reinvestment Zone No. 3 and to levy assessments totaling $12,633,000 in support of a Special Assessment Revenue Bond to reimburse public improvements for the Savannah Ranch/Clara Vista development.
Council approved three related ordinances (items 26–28) that together finalize the project plan for Reinvestment Zone No. 3, adopt a service and assessment plan for Improvement Area No. 1 and authorize issuance of Special Assessment Revenue Bonds to reimburse the developer for public infrastructure in the Savannah Ranch (a.k.a. Clara Vista) subdivision.
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