DALLAS – Coats Rose attorney Tim Green represented the developer in the creation of two public improvement districts (“PIDs”) in Princeton, Texas. The PIDs were created for the purpose of funding certain public infrastructure to serve the land in Winchester Public Improvement District Nos. 1 & 2, encompassing approximately 370-acres and 1,000 lots. The PIDs are being used by the City of Princeton to reimburse the developer for a portion of the cost of the public infrastructure serving such land. Two (2) series of bonds have been issued to reimburse the developer.
Tim Green specializes in public finance throughout Texas, including particularly the creation of special purpose districts to finance public infrastructure. He has been involved in the development of thousands of acres of land for residential and commercial purposes, and the issuance of over $15 billion of tax-exempt bonds for the financing of public infrastructure.
About Coats Rose, P.C.
Coats Rose is a transactional and litigation law firm focused on development: the development of real estate, special purpose districts, affordable housing, business and private wealth. We provide legal counsel to businesses, governmental entities, corporate and high-net worth clients across the U.S. and internationally. For over 30 years, the firm has leveraged its vast legal experience to fulfill clients’ needs spanning real estate law, public finance, affordable housing and community development, construction/surety law, commercial litigation, government relations, intellectual property, mergers and acquisitions, securities law, tax, wealth planning and preservation. In addition to its headquarters in Houston, Coats Rose has offices in Dallas, Austin, San Antonio, New Orleans and Cincinnati. Learn more at www.coatsrose.com.