HomeMy WebLinkAboutRES 082316-N - Village PID Budget & ServiceRESOLUTION NO. 0%a31 G- I
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, APPROVING THE 2017 BUDGET AND RELATED SERVICE PLAN
FOR THE GEORGETOWN VILLAGE PUBLIC IMPROVEMENT DISTRICT #1;
AUTHORIZING THE FILING OF THE ASSESSMENT ROLL; AND SETTING A
PUBLIC HEARING DATE FOR THE ASSESSMENT FOR SEPTEMBER 13,
2016.
WHEREAS, the City is required by State Law to approve the proposed budget and
related service plan for the Georgetown Village Public Improvement District #1 (GVPID); and
WHEREAS, the City will provide notice of the assessment levy to the property owners
within the District and Council will subsequently adopt Assessment Plan and the levy the
assessment on September 13, 2016, following a public hearing.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, THAT:
SECTION 1. The City Council of the City of Georgetown hereby approves the proposed
budget and service plan for the Georgetown Village Public Improvement District #1 to be
adopted as required by State Law, attached hereto and incorporated herein as Attachment I.
RESOLVED this 23rd day of August 2016.
ATTEST:
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Shelley Now' g
City Secreta
APP
Charles McNabb
City Attorney
Resolution No.�8 e�3t�^ 0
Description: 2017 Village PID Budget and Service Plan Resolution
Date Approved: August 23, 2016
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THE CITY OF GEORGETOWN:
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Dale Ross
Mayor
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ATTACHMENT
GEORGETOWN VILLAGE PUBLIC IMPROVEMENT DISTRICT A 1
SERVICE PLAN
Chapter 372 of the Local Government Code of the State of Texas, known as the "Public
Improvement Assessment Act' (the "Act"), authorizes and defines the formation of a Public
Improvement District within the State of Texas.
By action taken by their City Council, the City of Georgetown (the "City") passed
Resolution No. 990223-N, which authorized the creation of the Georgetown Village Public
Improvement District No. 1, and which has been amended to include additional acreage via
Resolution Numbers 050801 -AA -1, 032602-R, 040803-V-2, 011309 JJ, 062612-M, and 072214-R
(the "District') (Exhibit "A").
In compliance with the requirements outlined in various sections of the Act, the
Districts Service Plan is defined herein.
Section 1. Improvements and Services to be provided for the District
After analyzing the improvements authorized by the Act, the City determined that the
services and improvements described herein should be provided within the District and will
be of special benefit to the District. The purpose of the District is to supplement and enhance
services within the District, but not to replace or supplant existing City services provided
within the District. The general nature of the proposed services and improvements to be
performed by the District include:
• The operation, repair, and maintenance of pocket parks, landscape areas, street
trees, sidewalks, trails, alleyways, distinctive lighting and signage, recreational
facilities, water quality facilities, and other related improvements.
The services to be provided by the District (the "Services") shall consist of those
necessary for the administration and operation of the District, including those of the
City and the annual collection of assessments.
Section 2. Estimated Cost of the Services and Improvements
The total estimated cost of services and improvements to be maintained by the District
for the next five (5) years is approximately $1,701,258 (Exhibit 'B"). The estimated average
annual cost is approximately $340,252, not including interests. The District shall incur no
bonded indebtedness.
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