Cascada Community Facilities District
Description
A preliminary application for a community facilities district to help finance the Cascada development — the council approved the supporting agreement but no district has been formed yet.
Impact summary
Future Cascada homeowners would pay a district tax of up to $2.80 per $100 assessed value to finance infrastructure, with a letter of credit protecting the district early on.
Applicant
- Name
- DR Horton (represented by Mr. Mills)
At a glance
- Hearings
- 3
- Public comments
- 0
- Total mentions
- 3
Last vote · City Council
Last discussed Apr 7, 2026.
Meeting timeline (3)
Council-Regular Meeting — April 7, 2026
Council discussed the proposed Cascada CFD in the context of HB 2999; staff confirmed the bill wouldn't affect the proposed district since it doesn't yet exist, though grading activity is visible at the site.
Council-Regular Meeting — March 3, 2026
A community facilities district over 624 acres in DR Horton's planned 3,100-home Cascada master plan community, formed to allow future bond issuance to reimburse the developer for public infrastructure like roads, parks, and water systems.
Council-Regular Meeting — January 20, 2026
The council approved the draft financing agreement for a proposed Cascada Community Facilities District — a preliminary step; actual district formation would come before the council in the next couple of months.
Related issues (1)
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