Approve an ordinance authorizing the issuance of City of Austin, Texas Special Assessment Revenue Bonds, Series 2026 (Estancia Hill Country Public Improvement District Improvement Area #3), in an amount not to exceed $9,000,000 for certain improvements to support the Estancia Hill Country Public Improvement District Improvement Area #3 and authorizing all related documents and fees. Funding: The bonds will be paid from special assessments levied on the property within Improvement Area #3 of the Estancia Hill Country Public Improvement District. No ad valorem taxes or other revenue of the City are pledged to the payment of the debt.

In plain language — from the agenda backup

The Council is weighing whether to greenlight up to $9 million in special assessment revenue bonds to fund improvements in Improvement Area #3 of the Estancia Hill Country Public Improvement District. Here's the key detail for the rest of us: these bonds get paid back through special assessments on the properties within that district — not through your property taxes or any other city revenue. So while it's a big-dollar item, the financial obligation rests with the development itself.

budget

The roll call

Agenda PDF Legistar Official votes