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Apr 21, 2022 · Related development

Greenways PID board agrees to repay a disputed developer balance at $35,000 a year and raises rates

In January 2022 a Greenways board member said an additional developer reimbursement of about $165,000 was a City miscalculation that residents were paying for; City Finance staff said interest had not been included in the original bond amounts. In March the Assistant City Manager said the invoices were correct and the interest had not been calculated in time. On April 21 the board planned to pay $35,000 a year over five years toward the roughly $170,000 owed, set the base assessment rate at $670, and voted unanimously to assess Class D lots at 1.5 times the base rate.^[1]^[2]^[3]^[4]

Laura Storrs

What the sources say

✓ Verified
laura-storrs: In January 2022 a board member said the $165,000 additional reimbursement to the developer "was a city miscalculation, and now the PID residents are eating that cost"; a City Finance staff member said bonds had been sold for the majority "but there was an interest included that wasn't calculated in the initial bond amounts." In March 2022 Assistant City Manager Laura Storrs said the invoices were correct and that she did not consider it a miscalculation: the City had not had time to verify the full payoff when the board sought to pay off the debt. ^[1]^[2]
✓ Verified
On April 21, 2022 the board planned to pay $35,000 a year, paying the developer off in five years, and was told it owed "the full $170,000." It asked for a base rate of $670 and voted unanimously to raise the Class D lot assessment to a 1.5 multiplier of the base rate (from 1.2). One member said he would tell residents rates were rising "because the city messed up"; the district's manager said they were due for a rate increase anyway. In June the board agreed the developer was not responsible for a park drainage problem "and should be paid his reimbursement." ^[3]^[4]
Annual payment
$35,000
Balance
$170,000
Base rate
$670
⚠ Sources differ
The minutes give the additional Greenways developer balance two ways.
Reported value 1[1]
Balance
$165,000
January 12, 2022 minutes: a board member refers to $165,000 owed to the developer and asks to pay it out over time.
Reported value 2[3]
Balance
$170,000
April 21, 2022 minutes: 'they owed the full $170,000.'
✓ Verified
In April 2024 the Greenways minutes say "there are about 2 payments left," with about $8,000 or $9,000 for the last payment. The City's FY2025 financial report says about $35,000 was due the Greenways developer for unreimbursed improvements at September 30, 2025. ^[5]^[6]

Sources

1.Greenways Public Improvement District Advisory Board minutes, January 12, 2022 — Greenways Public Improvement District Advisory Board (via City of Amarillo CivicClerk), Mar 10, 2022 · 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, March 10, 2022 — Greenways Public Improvement District Advisory Board (via City of Amarillo CivicClerk), Apr 21, 2022 · retrieved Oct 22, 2026primarySubject-authored'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
3.Greenways Public Improvement District Advisory Board minutes, April 21, 2022 — Greenways Public Improvement District Advisory Board (via City of Amarillo CivicClerk), Jun 9, 2022 · retrieved Oct 22, 2026primarySubject-authored'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
4.Greenways Public Improvement District Advisory Board minutes, June 9, 2022 — Greenways Public Improvement District Advisory Board (via City of Amarillo CivicClerk), Nov 8, 2022 · retrieved Oct 22, 2026primarySubject-authored'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
5.Greenways Public Improvement District Advisory Board minutes, April 10, 2024 — Greenways Public Improvement District Advisory Board (via City of Amarillo CivicClerk), Aug 14, 2024 · retrieved Oct 22, 2026primarySubject-authored'published' is the PDF CreationDate; no later cached minutes of this board record their approval.
6.City of Amarillo Annual Comprehensive Financial Report, fiscal year ended September 30, 2025 — City of Amarillo, Jun 4, 2026 · retrieved Oct 9, 2026primarySubject-authoredNote 13 (long-term obligations) describes each certificate-of-obligation series; Note 29 (subsequent events) records the Series 2026 and 2026A certificates, the Series 2026 PPFCOs and 2026 water-sewer revenue bonds. Issue dates differ in places between Note 13 and the statistical tables.