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Briarwood & Park Place Projects

City of Elgin, Travis County, Texas

The Briarwood and Park Place projects are located in the City of Elgin, Travis County, Texas. Briarwood is a 205-acre primarily residential development planned to include 774 single-family residential units, 146 townhomes, 6 acres of commercial development, 33 acres of parks, and a 2.7-acre lakefront amenity center. Park Place is a 76-acre mixed-use development planned to include 234 townhomes, 300 multi-family units, 7 acres of commercial, a 37-acre park, and an 18-hole disc golf course. The projects are being developed by Ashton Gray Development and are located within Briarwood Municipal Utility District.

Par Amount

$14,457,577.75

Coupon

6.750%

Closing Date

05/15/2025

Debt Structure

Capital Appreciation Bonds

Pledged Revenue

Proceeds from the sale of bonds from Briarwood Municipal Utility District

Use of Proceeds

Reimbursement of eligible public improvements

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