HomeMy WebLinkAboutRES 092402-T - Village PID Tax AssessmentRESOLUTION NO. 0 24 D "
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, APPROVING THE 2002/03 BUDGET AND RELATED PROPERTY TAX
ASSESSMENT FOR THE GEORGETOWN VILLAGE PUBLIC IMPROVEMENT
DISTRICT #l;
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 Sure, on August 11, 2002; 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 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 24th day of September, 2002.
Patricia Carls, Brown and Carls LLP
City Attorney
Village PID Resolution No. �0
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THE CITY OF GEORGETOWN:
I
By: Gary Nelon
Mayor
GEORGETOWN VILLIAGE
PUBLIC IMPROVEMENT DISTRICT #1
2002103 BUDGET
Beginning Fund Balance
2002/03
Budget
3,532
REVENUES:
(1) Property Tax
75,000
Contribution from Developer
10,525
Interest
500
Total Revenues
86,025
EXPENDITURES:
Contracted Landscape Maintenance
45,000
Additional Landscaping
7,725
Irrigation
26,000
Miscellaneous Repairs
1,600
Administrative Costs
5,700
Total Expenses
86,025
Ending Fund Balance
(1) Assessed at $0.20 per $100 valuation
i e �,cju*-k 6,r\
C)CA ZLI o-� -
3,532
Georgetown Village
Public Improvement District 91
371 Village Commons Blvd.
Georgetown, Texas 78628
August 21, 2002
City of Georgetown
Finance Director
P.O. Box 409
Georgetown, Texas 78627
Re: 2003 Public Improvement District Assessment Rate
Dear Ms Rundell;
The Georgetown Village Public Improvement District Board, in public
meeting on August 20, 2002, voted unanimously to recommend an
Assessment Rate of $0.20 per $100.00 assessed valuation for Fiscal Year
2003. It is requested that you present this to the City council for approval.
Sincerely yours,
William C. Knodle
President, GVPID41
Landscapin-q
Contracted
Mowing and Trimming
Three (3) fertilizer applications
Inspect Irrigation monthly
Subtotal
As Needed
Irrigation Maintenance
Plant replacement.
Subtotal
Total
Other Items
Bench Replacement.
Sign Maintenance - 25 hrstyear @$20/hr
Sign Replacement - one park markertyear
Lighting maintenance - 25 hrstyr @ $20 /hr
Light replacement
Gazebo Maintenance
Total
Utilities
Irrigation Water/Electric Total
Administrative
City cost to administer annual fee assessment and collection.
Legal. (Attending board meeting, minutes, by-laws).
Office Supplies
City & County Taxes/Fees Total
TOTAL ESTIMATED ANNUAL COSTS
NOTES
63,517 1 #1
4,725 #2
3,000 #-3
7,725
71.242
1 27,000 1 #5 1
3,193 #4
2,163 #4
258 #4
515 #4
6.129
#1 Tru Green contract & estimate for Section 5 plus 5% contingency for re -bid in February.
#2 As of 7/11/02, $4,536 spent on irrigation maintenance for 2002 & added 5%.
#3 Increase of $300 from last year for new plantings.
#4 Bill Knodle suggested 3% inflation increase.
#5 Review of 2002 to date irrigation bills and projected useage for adcrl park.
CD q .2- 1-1 a-Z
