Denison, Texas Special Called City Council Meeting August 6, 2026

The City of Denison, Texas held a special called City Council meeting on August 6, 2026, focused primarily on approving financial measures related to the Preston Harbor Public Improvement District. The council conducted a public hearing and subsequently adopted an ordinance approving the service and assessment plan and assessment rolls for the district, which will levy special assessments on properties within the district to fund debt service payments on bonds. Additionally, the council authorized the issuance of $22.387 million in special assessment revenue bonds for the district's improvement projects. These bonds are non-recourse and secured solely by assessments on district properties, with no city revenue pledged for repayment. The bond issuance is structured over 30 years and is expected to support the development of approximately 374 homes, adding an estimated $425 million in assessed value to the city. Motions to adopt both ordinances passed unanimously.