Court opens and closes hearing on Cobble Creek PID; developer to cover county costs

Staff advised the court that Cope Equities, LLC has petitioned to create the Cobble Creek Public Improvement District covering 108.53 acres of unincorporated Collin County and that all notices and filings required by statute were complete. Staff said the county would incur no net cost because the developer will reimburse legal fees, bond counsel and consultant costs.

"So the county incurs 0 cost for a public improvement district even down to staff time is able to be reimbursed by the developer," the presenter (Mr. Schoffer) said. The court opened the public hearing for the PID, received no public speakers, closed the hearing and approved moving forward with the process by voice vote recorded in the transcript as 4-0.

Staff indicated the court will return for final action after negotiation of a development and services agreement with the developer. A signed dissolution petition has been provided in case negotiations fail, staff said.