Houston – Timothy G. Green and Hicham Chiali represented Braselton Development Company as developer’s counsel in connection with the issuance of the $3,450,000 Aransas Oaks Public Improvement District, Improvement Area #1 Special Assessment Revenue Bonds, Series 2026. The bonds will reimburse Braselton Development Company
approximately $2.8 million for public infrastructure costs serving Improvement Area #1 of Aransas Oaks, an approximately 85-acre master planned residential community located in the City of Aransas Pass, Texas.
Public Improvement Districts (“PIDs”) have been increasingly utilized as an alternative to traditional public financing methods for infrastructure in residential developments, and Coats Rose, P.C., continues to play a leading role in guiding clients in PID financing across Texas.
