city-of-castroville-planning-and-zoning-commission-meeting-agenda_d4f.pdf
Flat Creek PID Development Agreement Amended for $25M Bonds
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Description
The City of Castroville amended its development agreement with KF Flat Creek, LP for East Side Public Improvement District No. 2, raising the maximum allowed PID bonds to $25 million. The amendment retains all prior terms and supports continued residential development financed through special district bonds.
Contract Details
Contract Amount
Not to exceed $25,000,000 in PID Bonds (plus amounts allocated per Multi-Party Agreement)
Vendor
KF FLAT CREEK LP
Agency
City of Castroville, TX
Contract Type
OTHER
Document Date
August 13, 2025
Contract Term
Bond Term: 30 years; Amendment Effective August 12, 2025
Renewal Date
2055-10-01
Renewal Info
Development Agreement effective since August 24, 2023; this is First Amendment as of August 12, 2025. The agreement includes provisions for future extensions and amendments as approved by City Council.
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