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Ord 2025-026 approving the 2025 Annual Service Plan Update for the Trace Public Improvement District; (2)
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Ord 2025-026 approving the 2025 Annual Service Plan Update for the Trace Public Improvement District; (2)
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8/29/2025 11:36:47 AM
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8/28/2025 4:56:20 PM
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City Clerk - Document
Ordinances
City Clerk - Type
Approving
Number
2025-026
Date
8/19/2025
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■ The final plat for Trace Subdivision PA 13 Section E consists of 124 single family units <br /> within Hays County and was recorded in the official public records of the County on <br /> September 25, 2024. See Exhibit B for the final plat. <br /> LOT AND HOME SALES <br /> Per the Hays Central Appraisal District Data as of July 3, 2025, the lot ownership composition is <br /> provided below: <br /> ■ Developer Owned: <br /> o Lot Type 1: 0 Lots <br /> o Lot Type 2: 0 Lots <br /> o Lot Type 3: 0 Lots <br /> ■ Homebuilder Owned: <br /> o Lot Type 1: 74 Lots <br /> o Lot Type 2: 18 Lots <br /> o Lot Type 3: 164 Lots <br /> ■ End-User Owned: <br /> o Lot Type 1: 152 Lots <br /> o Lot Type 2: 96 Lots <br /> o Lot Type 3: 519 Lots <br /> See Exhibit D for the buyer disclosures. <br /> AUTHORIZED IMPROVEMENTS <br /> The Developer has completed the Authorized Improvements listed in the 2023 SAP and they were <br /> dedicated to the City in December 2023. <br /> OUTSTANDING ASSESSMENT <br /> Net of the principal bond payment due September 1, the District has an outstanding Assessment <br /> of$16,797,681.36.The outstanding Assessment is less than the$16,868,00.00 in outstanding PID <br /> Bonds due to prepayment of Assessment for which PID Bonds are not yet redeemed. $10,650,000 <br /> in outstanding Assessment is attributable to the Series 2019 Bonds and$6,218,000 in outstanding <br /> Assessment is attributable to the Series 2024 Bonds. <br /> TRACE PUBLIC IMPROVEMENT DISTRICT 6 <br /> 2025 ANNUAL SERVICE PLAN UPDATE <br />
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