HOUSTON – July 1, 2022 – Coats Rose attorney Tim Green recently represented the developer in the creation of a 122-acre public improvement district (“PID”) in Dayton, Texas. The PID was created for the purpose of funding certain public infrastructure to serve Westpointe Villages, an approximately 505-lot single family residential development. The City has issued its $5,012,000 Special Assessment Bonds, Series A Bonds and $3,028,000 Special Assessment Bonds, Series B Bonds to fund construction of the infrastructure to serve the first 250 lots. The Bonds are secured by the levy of special assessments on the lots and certain revenue generated by a tax increment re-investment zone co-terminus with the PID.
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.