Zooming in
Developer Limmer Holdings owns about 111 acres of land in Hutto's ETJ, planned for the Limmer Square development. Preliminary site plans show a mix of residential, commercial and open space.
To help pay for infrastructure and improvements, the developer wants to create a public improvement district.
Some context
A PID requires property owners to pay an additional fee or tax to fund public improvements that directly benefit the area. It also allows the developer to receive funding infrastructure to support construction, usually through bonds.
In case you missed it
The same land was planned for a development called Pearl Estates. Limmer Holdings brought the development to City Council to create a municipal utility district, another way to finance infrastructure often used for water and wastewater services.
Pearl Estates would require getting wastewater services from the city, but City Council instead directed the developer to pursue a PID, according to city documents.
What's next
The developer submitted a valid PID petition that meets all the city’s requirements, and city staff recommend approval, according to the agenda item report.
State law requires the city to hold a public hearing before the development agreement can move forward.
