From
Lee Harriss
Title
Whispering Oaks PID (City Council District 2)
a. Public Hearing - Service Plan - Assessment Roll and Rate;
b. Adoption of the Whispering Oaks PID 5-year Service Plan;
c. Ordinance approving the assessment roll and rate;
d. PID Advisory 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 estimated expenditures for the 2020 fiscal year are $18,483. This will be funded by the City, which will transfer $508 to the PID, with the use of fund balance, $13,000, and $13,063 will be funded via an assessment of $475 per developed lot and $237.50 per undeveloped lot for all real property within the PID. This will increase the assessment rate by 18.8%; assessment rate increases in Whispering Oaks PID are limited to 20% per year by the PID petition. The excess funds will be carried forward each year in fund balance as the PID saves for the future replacement of the fence. The funds generated provide for annual maintenance 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 2020 is attached.
Financial Consideration
The recommended assessment rate for the PID is $475 per developed lot and $237.50 per undeveloped lot for all real property within the PID. The estimated budget for the 2020 fiscal year is $18,483, which includes a reimbursement of $508 for right of way maintenance, which would otherwise be performed by the City, from the Parks and Recreation General Fund MMDC.
Body
AN ORDINANCE RATIFYING AND CONFIRMING ACTIONS HERETOFORE TAKEN BY...
Click here for full text