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City council approves bond sale

by | Nov 5, 2020 | Latest

Sachse City Council voted unanimously during the Oct. 26 regular meeting to approve the issuance and sale of Special Assessment Revenue bonds concerning Public Improve­ment District (PID) No. 1.

Two bonds were issued, one for the PID Improvement Area No. 1, which is a residential area, and the second for the PID Major Improvement Area Project, a commercial area.

A PID is a special district created by a city or county which allows for special as­sessments levied against prop­erty owners within the district to finance infrastructure en­hancements to the area such as roads or utilities. It is de­signed to provide funding for improvements to meet com­munity needs that wouldn’t otherwise be provided.

For the full story, see our Nov. 5 issue or subscribe online.

By Dustin Butler • [email protected]

Bluegrass

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