Title
Consider adopting Ordinance No. 3890 approving an annual update of the service and assessment plan and the assessment roll for Mercer Crossing Public Improvement District pursuant to Chapter 372 of the Texas Local Government Code; and take appropriate action.
Body
REQUESTOR:
Finance, Fleet, and Facilities Department
BACKGROUND:
City Council approved Resolution No. 2017-028 on February 14, 2017, to provide for the establishment of the Mercer Crossing Public Improvement District in accordance with a petition request from a property owner representing greater than 50 percent of the property within the requested district. State Law requires that the service and assessment plan associated with this district be updated and reviewed annually.
DISCUSSION:
Tonight, the City Council will consider approval of the annual update of the service and assessment plan and assessment roll for the public improvements within the district for the Fiscal Year 2024-25, 2024 tax year. This includes last year’s added assessments for 69 townhome sites.
FISCAL IMPACT:
TIRZ rebate and administrative costs are budgeted.
POSSIBLE COUNCIL ACTION:
1. I move to approve Ordinance No. 3890 as presented.
2. I move to approve Ordinance No. 3890, with modifications.
3. I move to table the issue for further study or take no action.
ATTACHMENT(S):
1. Ordinance No. 3890, including Exhibit A, Mercer Crossing Service and Assessment Plan
2. Presentation