Mustang Ridge council approves Durango PID assessment process, authorizes bond offering materials
Council approved two Durango Public Improvement District resolutions to file updated assessment rolls, set a public hearing for April 14, 2025 on assessments for Improvement Area #2, and authorize distribution of a preliminary offering memorandum for Special Assessment Revenue Bonds, Series 2025.
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The Mustang Ridge City Council voted to advance financing steps for the Durango Public Improvement District on March 10, approving two resolutions that set the assessment process in motion and authorize bond offering materials. Councilmember Casondra Dailey moved to approve Resolution No. 25-256 to determine costs for improvements to be financed through the Durango PID, approve a preliminary amended and restated service and assessment plan with updated rolls for Improvement Areas #1 and #2, and direct staff to file the proposed assessment rolls for public inspection. The motion passed 4–0.
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