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County raises PID fee
Wednesday, October 26, 2016 by Caleb Pritchard
Travis County has raised the cost of applying for a public improvement district more than threefold. On Tuesday, the Commissioners Court, based on a recommendation from staff, upped the filing fee from $10,000 to $36,000. The court created a policy to guide the creation of PIDs earlier this year. Diana Ramirez, the county’s director of economic development and strategic investments, told the court on Tuesday that the original fee was based on an estimate of the time it would take staff to process an individual PID application. The county has since created its first PID, an experience that proved the original estimation incorrect, Ramirez said. The court approved the change on a 4-0 vote with Commissioner Ron Davis absent.
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