From
Lee Harriss
Title
Public Hearing - Resolution to Create Crescent Heights Public Improvement District No. 18 (City Council District 2)
Presenter
Lee Harriss
Recommend Action
Approve
Analysis
The City received a petition signed by the required number of property owners in Crescent Heights requesting that the City create a public improvement district (PID) for the neighborhood. The PID would consist of approximately 13.107 acres of land divided into approximately 90 lots. The general boundaries of the assessment district are as follows: Third Street (West), W. Pioneer Parkway (South), Twelve Oaks Boulevard (East), and Freetown Road (North), including the Crescent Heights subdivision.
The estimated first year expenditures of the PID are $1,157, which would begin in 2020-21. This will be funded by assessments of $914 and by the City, which will pay $804 to the PID for right-of-way maintenance during its first year of operation, beginning in October 2020. The property owners' assessments will be based on assessments of the existing properties within the District as recorded on the tax rolls of the Dallas County Assessor Collectors office and collected through the property tax system and will begin in 2020-2021.
The revenues raised by PID assessments will be used to provide for the perpetual maintenance of existing landscape, fencing, and irrigation system, and install and perpetually maintain future landscape, fencing, and irrigation, in accordance with Exhibit A of the petition.
The law authorizing the creation of a PID requires that a public hearing be conducted to receive comment. Following the public hearing, the City Council will consider a resolution authorizing the establishment of Public Improvement District #18. If PID #18 is established, a public hearing will be held in September, 2020 on a 2020/21 budget, a five-year service plan, levying an assessment, and approving the PID board membership.
Financial Consideration
The City of Grand ...
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