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
A resolution authorizing a waiver to the minimum public improvement district (PID) petition approval thresholds outlined in the City's PID Policy, subject to approval by three-quarters of the City Council, for purposes of deeming petitions submitted to the City of Dallas by Ferguson Road Initiative requesting the creation of the Far East Dallas Public Improvement District (District) as sufficient, meeting the minimum requirements for creation set forth in Chapter 372 of the Local Government Code (the Act) but falling below the City's minimum petition approval threshold for creation - Financing: This action has no cost consideration to the City
Body
BACKGROUND
On February 1, 2025, Ferguson Road Initiative (FRI), 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 Chapter 372 of the Local Government Code (the Act).
State law (the Act) requires signed petitions from owners of at least 50% of the appraised value of real property liable for assessment and at least 50% of the land area or 50% of the record owners of real property liable for assessment. The City's PID Policy requires signed petitions from owners of at least 60% of the appraised value of real property liable for assessment and at least 60% of the land area or 60% of the record owners of real property liable for assessment.
City staff reviewed the petitions and verified that owners of record representing at least 50% of the appraised value and at least 50% of the land area of real prop...
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