Tomball City Council will hold a public hearing Nov. 6 regarding the creation of a public improvement district. The PID is slated for 13.6 acres northeast of the intersection of Agg Road and South Cherry Street, according to a public notice.
While also an economic development tool, a PID is different from a municipal utility district. A MUD is an independent limited government entity that can levy a property tax indefinitely to fund district improvements. However, a PID charges residents a fee only for a limited period of time, Tomball City Manager George Shackelford said. Once a PID matures, homeowners are no longer subject to any associated fees, Shackelford said. Property owners within a MUD, however, get no relief from an increased tax levy.
Shackelford said the PID is slated for a future subdivision. According to the notice, improvements are estimated to total $1.9 million for the life of the PID.
The city maintains the infrastructure in a PID once public improvements, such as public streets and utilities, are constructed, Community Development Director Craig Meyers said.