HomeMy WebLinkAboutRES 090903-K - Tax Assessment Village PIDRESOLUTIONNO*
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, APPROVING THE 2003/04 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 Williamson
County Sun, on July 27, 2003; 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 finds 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 fixture
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 9th day of September, 2003.
ATTEST:
City Secretary
APPROVED AS TO FORM:
P tricia Carls, Brown and Carls LLP
City Attorney
Village PID Resolution No.
P:\AGENDA\2003\budget\VillageResolution04.doc
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THE CITY OF GEORGETOWN:
inayui
Georgetown Village PID #1 Board Approved 2004 Budget
7130/03
filename:pidbudget2004.)ds
Refer to
2004 Notes
GVPiD #1 Maintenance Items Budget Below
Alleys/Roads
Repair, maintenance and replacement of alleys 250�
Landscaping
Contracted
Mowing and Trimming
Three (3) fertilizer applications
Inspect Irrigation monthly
Subtotal 64,432 #2
As Needed
Irrigation Maintenance 41500 #3
Plant replacement. 31090 #4
Subtotal 7,590
Total 72,022
then Items
Bench Replacement. 265
Sign Maintenance - 25 hrs/year c@$20/hr 272
Sign Replacement - one park marker/year 272
Lighting maintenance - 25 hfs/yr @ $20/hr 272
Light replacement 272
Gazebo Maintenance 272
Total 1,623 #4
Utilities
Irrigation Water/Electric
Total
City cost to administer annual fee assessment and collection.
Legal. (Attending board meeting, minutes, by-laws).
Office Supplies
City & County Taxes/Fees
To
3,289
2,228
265
530
6,312
NOTES
#1 Seal cracks In alleyway.
#2 Current Contract Amount w/ Bill's Greenhill.
#3 $4,000 spent in 2003 to date.
#4 3% inflation Increase.
#5 Review of 2003 to date Irrigation bills and projected useage for July, August, September.
Projected GVPID #1 Tax Income (according to WCAD) $80,768
H41
rm.