Preston Harbor PID hearing continued to Aug. 3 at developer’s request
Council continued the public hearing on the Preston Harbor Public Improvement District (PID) until Aug. 3 after the developer said the anticipated PID bond closing moved from July 31 to August; no public speakers testified on the PID tonight.
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City Attorney Julie Fort told the council that the Preston Harbor PID assessments would be used to finance PID bonds and that the assessments would be paid only by residents of Preston Harbor. She said the developer had asked the council to continue the public hearing and delay action because a PID bond closing initially anticipated for July 31 is now expected in August.
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