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

The City Council of Denison, Texas, held a special called meeting on August 6, 2026, primarily focused on approving financial mechanisms for the Preston Harbor Public Improvement District (PID). The council conducted a public hearing and subsequently approved an ordinance accepting the service and assessment plan and assessment rolls for the PID, which will fund debt service payments through special assessments levied on property owners within the district. Additionally, the council authorized the issuance of $22.387 million in Special Assessment Revenue Bonds Series 2026 to finance infrastructure improvements in the PID. These bonds are non-recourse and secured solely by the assessments on the properties within the district, with no city revenue pledged for repayment. The bond proceeds will reimburse the developer after infrastructure completion, supporting the development of approximately 374 homes with an estimated build-out value of nearly $425 million. The council unanimously passed motions to adopt both ordinances, finalizing the bond issuance process and related agreements.