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Improvement Area #1 – Lot Type 2 – 55 FT – Information Packet – 2022-23.pdf

Cross-Creek-Meadows-PID-IA-1-LT-2-55-FT-Complete-Packet-2022-23.pdf
Preview of Improvement Area #1 – Lot Type 2 – 55 FT – Information Packet – 2022-23
🔗 Source: municap.com
📊 Size: 103 KB
👤 Author: Alexus.Montalvo
⬇️ Downloads: 75

Summary

The Cross Creek Meadows Public Improvement District was created by the City Council of Celina on April 11, 2023, to finance public improvement projects for a residential development. A Service and Assessment Plan was approved, setting forth the plan for apportioning costs to properties in the district. The City issued $17,966,000 in Special Assessment Revenue Bonds and a $3,050,000 Reimbursement Agreement to finance the projects. The bonds and agreement are payable from special assessments levied against properties in Improvement Area #1, with a first and prior lien against the property and personal liability of the owners. Failure to pay assessments may result in foreclosure. The assessment for a 55-foot lot is $41,922, payable in annual installments ranging from $3,186 to $3,128 over 18 years.

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Description

The Cross Creek Meadows Public Improvement District was created by the City Council of Celina on April 11, 2023, to finance public improvement projects for a...

Technical Information

  • File Format: PDF
  • File Size: 103 KB
  • Pages: 4
  • Language: EN
  • Author: Alexus.Montalvo
  • Total Downloads: 75
  • Last Updated: 4 weeks ago

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