Public Improvement Districts
MuniCap, Inc., the Town’s designated administrator for the PIDs has created a website for each district. For more information, please visit the MuniCap website.
What is a PID?
A PID (Public Improvement District) is a defined geographical area established to provide specific types of improvements or maintenance within the area which are financed by assessments against the property owners within the area.
Chapter 372 of the Texas Local Government Code authorizes the creation of PIDs by cities and towns.
Why is a PID created?
The PID was created to finance certain public improvements (roadway improvements and utility improvements) that are required for and provide specific benefits to property within the project. The proportionate cost of these authorized public improvements including debt issuance costs represent the assessments levied on the property within the PID to be collected from all benefitted.
What is a PID Assessment?
The PID assessments represent a proportional share of the cost of the authorized public improvements allocated to each property type pursuant to the Service and Assessment Plan (SAP) approved by the Town at the time the assessments were levied.
Each year, the PID Administrator prepares and submits the PID annual budget for PID debt and administration obligations to the Town for Town Council approval. The annual installments billed and collected from each property represent a proportionate share of the annual PID budget approved by the Town Council each year.
Please contact the PID Administrator for details regarding the various property types and assessment amounts contemplated for each type of property within the project. All assessments that are not paid in full will be billed in annual installments and collected each year by the Denton County Tax Office within the property owner’s property tax bill.
More information concerning the amount of the assessment and the due dates of that assessment may be obtained from MuniCap, Inc., the District Administrator for the Town, located at 222 W. Las Colinas Blvd, Suite 1650E, Irving, TX 75039 and available by telephone at 469-490-2800.
Is a Public Improvement District (PID) and a Homeowner’s Association (HOA) the same thing?
No, they are different. Here is a comparison of the two entities:
Type of Property Maintained Public Private
Governed by City Council Yes No
Deals with Deed Restrictions No Yes
Enhances Public Property Maintenance Yes No
Collect through Mortgage Payment Yes No
Cash Held in Separate City Fund Yes No
PID Expenses Exempt from Sales Taxes Yes No
How many PIDs are in the Town of Little Elm?
There are currently five Public Improvement Districts within Little Elm Town limits.
The Valencia on the Lake Public Improvement District was created on Sept. 17, 2013, by Resolution No. 09171301.
The Rudman Tract Public Improvement District on Oct. 18, 2016, by Resolution No. 10181601.
The Hillstone Pointe Public Improvement District No. 2 was created on April 4, 2017, by Resolution No. 04041709.
The Lakeside Estates Public Improvement District No. 2 was created on Dec. 5, 2017, by Resolution No. 08151703.
The SPIRITAS Ranch Public Improvement District was recreated on February 2, 2021 by Resolution No. 0202202101.