Council clears financing steps for Persimmon development PID; assessment roles published for public inspection

Council heard a multi‑part presentation on Persimmon Public Improvement District financing from P3 Works and bond advisers detailing the PID structure, authorized improvements and the proposed bond marketing (John Snyder, SEG 3560–3568). The documents describe roughly $133.5 million of total authorized improvements across the entire project area with an immediate financing program that markets approximately $47.8 million of bonds for major infrastructure; owner contributions of roughly $8.3 million cover some internal improvements (SEG 3660–3668). Staff and consultants walked council through the assessment roll mechanics, estimated per‑lot assessments (total assessments per lot in the initial improvement‑area range of roughly $87,000–$105,000 before TRS offset) and annual installment examples with and without TRS offsets (annual installments projected in the packet ~ $4,100–$4,900/year after TRS).