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Home My WebLink AboutRES 092804-N - Georgetown Village PIDRESOLUTION NO. O ?0? I041 / Y A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, APPROVING THE 2004/05 BUDGET AND RELATED PROPERTY TAX ASSESSMENT FOR THE GEORGETOWN VILLAGE PUBLIC IMPROVEMENT DISTRICT #1; WHEREAS, the City is required. by State Law to approve the proposed project and related property tax assessment for the Georgetown Village Public Improvement District #1 (PID); and WHEREAS, the proper notice of the property tax assessment was published in the Wilhamson County Sun, on August 7 2004; and WHEREAS, the assessment supports the service plan for the PID as previously established. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The facts and recitations contained in the preamble of this resolution are hereby found. and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The City Council hereby fmds that this ordinance implements the following policy of the Century Plan - Policy Plan Element 1. Finance Policy End 14.0, which states: "All municipal operations are conducted in an efficient business -like manner and sufficient financial resources for both current and future needs are provided", and further finds that the adoption of this resolution is not inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan. SECTION 2. The City Council of the City of Georgetown hereby approves the proposed budget and property tax assessment for the Georgetown Village Public Improvement District #1 to be adopted and levied as required by State Law. RESOLVED this 28th day of September, 2004. ATTEST: THE CITY OF GEORGETOWN: Sandra D. Lee B` ary Nelon City Secretary Mayor APPROVED AS TO FORM: Patricia Carls, Brown and Carls LLP City Attorney Village PID Resolution No. D 9 2$0'"' P:\AGENDA\2004\Budget\V illageResolution05. doc Page 1 of I GEORGETOWN VILLAGE PID #1 MINUTES GEORGETOWN VILLAGE PUBLIC IMPROVEMENT DISTRICT #1 September 13, 4:30 p.m. ATTENDEES: Board Members Present Katherine Dean Mark Pustka Brian Ortego (Acting Member due to Chuck Schmidt's Absence) David Tristan R.J. Garcia Marlene McMichael Board members Absent Chuck Schmidt Pat Whiteaker 1. Called meeting to order at 4:42 pm. Board Alternates Present Brian Ortego 2. Read and Approve Minutes from August 17, 2004. A motion was made to approve the minutes from the August 17, 2004 meeting. Marlene McMichael — Motioned Brian Ortego — Seconded Motion Ayes: R.J. Garcia Mark Pustka Katherine Dean David Tristan Motion passes six (6) to zero (0). 3. Discuss, Review, and Approve an amended year 2005 GVPID #1 budget because of 8/17/04, GVPID #1, year 2005, approved budget total mistake. 8/17/04 budget total of $108,950 mistakenly did not include $22,000 for the irrigation water bill. Therefore when added to the previously approved amount the new and correct budget total is $130,950. The $130,950 budget total projects a deficit. Therefore it was agreed by the board to review at quarterly PID Board meetings the following items to try and minimize this deficit. 1. Monitor irrigation water usage 2. Investigate and repair the non-functioning rain off sensors at all parks and irrigated areas. 3. Monitor irrigation repairs / maintenance work. 4. Review dead plant replacement needs. 371 Village Commons Boulevard, Georgetown, Texas 78628 Page 1 of 2 GEORGETOWN VILLAGE PID # 1 A motion was made to approve a 2005 GVPID #1 budget total of $130, 950. R.J. Garcia — Motioned Katherine Dean — Seconded Motion Ayes: Brian Ortego Mark Pustka Marlene McMichael David Tristan Motion passes six (6) to zero (0). 3. Confirm assessment rate for year 2005 at $.20/$100 valuation. A motion was made to confirm the assessment rate for year 2005 at $.20/$100 of home valuation as was approved at the 8/17/04 GVPID #1 Board Meeting. Marlene McMichael — Motioned Brian Ortego — Seconded Motion Ayes: R J. Garcia Mark Pustka Katherine Dean David Tristan Motion passes six (6) to zero (0). 5. Discuss Old Business. Ability for GVPID #1 to purchase playscape with GVPID #1 funds is still awaiting a response from Trish Carls, City Attorney. Open meetings act to be discussed at November GVPID #1 Board Meeting. 6. Discuss New Business. November 15, 2004 at 4:30 pm is the revised next meeting date for the board. At next GVPID #1 board meeting a change to the bylaws will be considered from a third Thursday of the months of August, November, February, May to another day of the week. 8. Adjourn at 5:34 pm. 371 Village Commons Boulevard, Georgetown, Texas 78628 Page 2 of 2 v- Georgetown Village P1D #1 Board Proposed 2005 Budget 8/18/04 filename•pidbudget2005.xls GVPID #1 MAINTENANCE ITEMS Alleys/Roads Repair, maintain and replace alley pavement Subtotal Landscaping Mowing and Trimming Three (3) fertilizer applications Fungicide Post Emergent Weed Control Inspect Irrigation monthly Subtotal Irrigation Maintenance - As Needed Plant replacement. - As Needed Subtotal Other Items Bench Replacement. Sign Maintenance - 25 hrs/year @$20/hr Sign Replacement - one park marker/year Street Sign Replacement / Maintenance Lighting maintenance - 25 hrs/yr @ $20/hr Light replacement Gazebo Maintenance Dog Poop Dispensers/Bags for (4) Parks Subtotal Utilities Irrigation Water/Electric Subtotal Administrative COG administrative fees. Legal Office Supplies City & County Taxes/Fees Subtotal TOTAL ESTIMATED ANNUAL COSTS 2005 Budget 275 Projected GVPID #1 Tax Income 2005 (Conservative estimate according to WCAD) Projected Budget Deficit to be subsidized by Developer 86,798 Notes I 2004 Actual Expense. 4,725 7,500 12,225 We Mow It 2005 Contract 5% increase of 2004 Budget 2004 Actual Spent 273 280 280 750 280 280 280 1,000 3,422 3% increase over 2004 3% increase over 2004 3% increase over 2004 Custom GV Street Sign Replacement / Repair 3% increase over 2004 3% increase over 2004 3% increase over 2004 Not to exceed amount 22,000 3,210 2,000 100 920 6,229 Actual 2004 expense. 130,950 91,675 3.5% of Projected 2005 tax collected $0 Spent in 2004 $0 Spent in 2004 1 % of Projected 2005 tax collected 39,275