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Nov 9, 2020 · Precursor

Greenways PID board recommends $1,000,000 in City debt to reimburse its developer

In July 2020 the Greenways board recommended a 2020/21 budget with a $25 increase for residential B lots to support a future $1,000,000 bond to reimburse the developer in full, after Finance said issuing the full amount would otherwise require higher rates or lower costs. On November 9, 2020 the board voted unanimously to have the City Council move forward with issuing $1,000,000 in debt for the reimbursement, "acknowledging that the assessments are adequate to cover debt service payments," and recommended Ramirez Lawn and Sprinkler for the maintenance contract (about $156,000). The council published notice of the certificates on November 17, 2020.^[1]^[2]^[3]

What the sources say

✓ Verified
The July 17, 2020 Greenways budget showed $444,722 for total maintenance and operation, a $300,000 developer reimbursement already approved by the council, and a $700,000 developer reimbursement tied to debt service. Finance said that if the full $1,000,000 was issued "the PID would have to increase rates or lower costs due to cash flow issues." The board unanimously recommended the budget "with an increase of $25 to residential B lot for a future bond issue of $1,000,000." ^[1]
✓ Verified
On November 9, 2020 the board voted unanimously "to have city council move forward with issuing $1,000,000 debt for reimbursement to the developer, acknowledging that the assessments are adequate to cover debt service payments," and unanimously recommended awarding the maintenance contract to Ramirez Lawn and Sprinkler; staff said the bid was around $156,000, for one year with two one-year renewals. On November 17, 2020 the council approved publishing notice of the certificates. ^[2]^[3]
Debt recommended
$1,000,000

Sources

1.Greenways Public Improvement District Advisory Board minutes, July 17, 2020 — Greenways Public Improvement District Advisory Board (via City of Amarillo CivicClerk), Nov 9, 2020 · retrieved Oct 22, 2026primarySubject-authored'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
2.Greenways Public Improvement District Advisory Board minutes, November 9, 2020 — Greenways Public Improvement District Advisory Board (via City of Amarillo CivicClerk), Jun 16, 2021 · retrieved Oct 22, 2026primarySubject-authored'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
3.Amarillo City Council Regular Meeting Minutes, 2020-11-17 — City of Amarillo, Nov 17, 2020 · retrieved Oct 16, 2026primarySubject-authoredStates (OCR): "Motion was made by Councilmember Sauer to appoint Michelle Bonner to replace Sam Lovelady on the Amarillo Hospital District Board of Managers, seconded by Councilmember Hays." and "Motion was made by Councilmember Smith to reappoint Eddy Sauer on the Beautification and Public Arts Advisory Board, seconded by Councilmember Hays."