Summary
Hilltop Securities presented a financial plan for issuing over $33.9 million in special assessment revenue bonds for 418 lots in Sherley Farms PID Improvement Area #1, featuring an average home price of $573,000.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Last discussed Feb 4, 2026.
Impact analysis
Finances $27.4 million in public infrastructure through $33.9 million in special assessment bonds backed entirely by property assessments within Improvement Area #1.
Future homeowners in Sherley Farms and the developing entity.
Homeowners will face annual PID assessments averaging approximately $4,800.
Mentions & discussions (4)
General - Feb 4, 2026
The City Council was scheduled to review a proposed Public Improvement District (PID) policy presented by Director of Public Works Joseph Cotton. PIDs are financing tools used by municipalities to fund infrastructure and public improvements in specific developing areas.
City Council - Jan 26, 2026
The city council was set to review and discuss updates to the public improvement district policy, which dictates how PIDs are used to fund infrastructure and development projects. This policy directly impacts how new developments are financed and what costs are passed on to property owners.
City Council - Jan 13, 2026
Hilltop Securities presented a financial plan for issuing over $33.9 million in special assessment revenue bonds for 418 lots in Sherley Farms PID Improvement Area #1, featuring an average home price of $573,000.
City Council - May 13, 2025
The council will hold a public hearing and consider creating a public improvement district to fund public infrastructure for development.
Related development
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