Approve an ordinance authorizing the issuance of City of Austin, Texas Special Assessment Revenue Bonds, Series 2026 (Estancia Hill Country Public Improvement District Improvement Area #3), in an amount not to exceed $9,000,000 for certain improvements to support the Estancia Hill Country Public Improvement District Improvement Area #3 and authorizing all related documents and fees. Funding: The bonds will be paid from special assessments levied on the property within Improvement Area #3 of the Estancia Hill Country Public Improvement District. No ad valorem taxes or other revenue of the City are pledged to the payment of the debt.

The Council is weighing whether to greenlight up to $9 million in special assessment revenue bonds to fund improvements in Improvement Area #3 of the Estancia Hill Country Public Improvement District. Here's the key detail for the rest of us: these bonds get paid back through special assessments on the properties within that district — not through your property taxes or any other city revenue. So while it's a big-dollar item, the financial obligation rests with the development itself.

budget

The roll call

Agenda PDF Legistar Official votes