From
Lee Harriss
Title
Oak Hollow/Sheffield Village PID (City Council Districts 4 and 6)
a. Public Hearing - Service Plan - Assessment Roll and Rate;
b. Adoption of the Oak Hollow/Sheffield Village PID 5-year Service Plan;
c. Ordinance approving the assessment roll and rate;
d. PID Board Membership
Presenter
Lee Harriss, Special District Administrator
Recommend Action
Approve
Analysis
Chapter 372 of the Local Government Code requires the City to annually review and approve the PID five-year service plan and adopt an assessment rate for annual assessments within the PID. The Advisory Board has updated the five-year service plan which outlines the maintenance and improvements planned for each year.
The PID budget for the 2021 fiscal year is $444,250. This will be funded by the use of fund balance, $618,000, by the City, which will transfer $10,261 to the PID, and $376,616 will be funded via an assessment rate of $0.085 per $100 of appraised real property value within the PID. The funds generated provide for annual maintenance and improvements within the PID boundaries. The proposed budget will continue the basic maintenance and improvements from the previous year. The recommended PID Advisory Board membership for 2021 is attached.
Financial Consideration
The recommended assessment rate for the PID is $0.085 per $100 of appraised real property value within the PID. The estimated budget for the 2021 fiscal year is $444,250, which includes a reimbursement of $10,261 for right of way maintenance, which would otherwise be performed by the City, from the Parks and Recreation General Fund MMDC.
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, RATIFYING AND CONFIRMING ACTIONS HERETOFORE TAKEN BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, AND THE OFFICERS AND EMPLOYEES OF SAID CITY; MAKING CERTAIN FINDINGS IN CONNECTION WITH THE PROPOSED IMPROVEMENTS ORDERED IN CONNECTION WITH THE GRAND PRAIRIE PUBLIC IMPROVEMENT DISTRICT NO. 15 (OAK H...
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