STRATEGIC PRIORITY: Economic Development
AGENDA DATE: August 28, 2024
COUNCIL DISTRICT(S): 9, 10, 13
DEPARTMENT: Office of Economic Development
EXECUTIVE: Robin Bentley
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SUBJECT
Title
Lake Highlands Public Improvement District
A public hearing to receive comments concerning: (1) the proposed levy of assessment for the Lake Highlands Public Improvement District (the "District"), in accordance with Chapter 372, Texas Local Government Code, for the purpose of providing supplemental public services to be funded by special assessments on property in the District; and, at the close of the public hearing: (2) authorize an ordinance approving and adopting the final 2025 Service Plan, the final 2024 Assessment Plan, the 2024 Assessment Roll (to be kept on file with the City Secretary) and 2025 Notice of Obligation to Pay Improvement District Assessment (to be filed with Dallas County); (3) establishing classifications for the apportionment of costs and the methods of assessing special assessments for the services and improvements to property in the District; (4) closing the public hearing and levying a special assessment on property in the District for services and improvements to be provided in the District during 2025; (5) providing for reimbursement of city administrative costs for operational oversight of the District; (6) establishing charges and liens against the property in the District and against the owners thereof; (7) providing for the collection of the 2024 assessment; (8) authorizing the receipt and deposit of assessments from Dallas County; (9) authorizing the disbursement of assessments and interest to Lake Highlands Improvement District Corporation; and (10) providing for an effective date - Not to exceed actual collections estimated at $1,379,153.00 - Financing: Lake Highlands Public Improvement District Fund (subject to appropriations) (see Fiscal Information)
Body
BACKGROUND
Annu...
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