STRATEGIC PRIORITY: Growing
AGENDA DATE: April 23, 2025
COUNCIL DISTRICT(S): 2, 7
DEPARTMENT: Office of Economic Development
EXECUTIVE: Robin Bentley
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SUBJECT
Title
Authorize (1) a public hearing to be held on May 28, 2025, to receive comments concerning the creation of the Far East Dallas Public Improvement District (the "District"), in accordance with Chapter 372 of the Texas Local Government Code for the specified area of the District, for the purpose of providing supplemental public services, to be funded by an assessment on real property and real property improvements in the District; and, at the close of the public hearing; (2) approval of a resolution creating the District for a period of seven years; (3) approval of the District's Service Plan for 2026-2032 for the purpose of providing supplemental public services, to be funded by assessments on real property and real property improvements in the District; and (4) approval of a management contract with Ferguson Road Initiative, a Texas nonprofit corporation, as the management entity for the District - Financing: This action has no cost consideration to the City (see Fiscal Information)
Body
BACKGROUND
On February 1, 2025, Ferguson Road Initiative, a Texas nonprofit corporation, representing owners of real property located within the boundaries of the proposed District, submitted petitions to the City of Dallas requesting the creation of the District and approval of the District's Service Plan for a seven-year term effective January 1, 2026 to December 31, 2032, in accordance with the Act.
The City staff reviewed the petitions and verified that owners of record representing the appraised value and the land area of real property in the District liable for assessment had signed the petitions, thereby meeting the minimum requirements for creation set in the Act but falling below the City's petition approval threshold from owners. In n...
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