STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: March 25, 2020
COUNCIL DISTRICT(S): 2, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14
DEPARTMENT: Office of Economic Development
EXECUTIVE: Michael Mendoza Dr. Eric A. Johnson
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SUBJECT
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Authorize the fourth amendment to the City of Dallas Public Improvement District (PID) Policy for the creation, renewal, administration and management of PIDs to: (1) allow the addition of new hotels to the boundaries of the Dallas Tourism Public Improvement District (District) in accordance with the provisions of Chapter 372 of the Texas Local Government Code (the Act), as amended by House Bill 1136; (2) clarify that City administrative costs are excluded from the 15 percent PID administrative expenditure cap; (3) change the PID application deadline date from April 1st to February 1st; (4) add language that the City shall retain the remaining balance of the PID application fee to cover any administrative costs incurred by the City during the PID's term; and (5) remove language that the PID application fee may be reimbursed from PID assessments collected - Financing: No cost consideration to the City (see Fiscal Information)
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BACKGROUND
Last year, the 86th Texas Legislature enacted House Bill 1136 which amended the Public Improvement District Act, Chapter 372 of the Texas Local Government Code (the Act) to allow the governing body of a municipality to add and levy hotel properties to the boundary of an existing hotel-PID without requiring the approval of hotel property owners if such property could have been included in the hotel-PID without violating the petition thresholds in place when the hotel PID was created or renewed.
The City's PID Policy, adopted by City Council on December 14, 2005 and subsequently amended by Resolution Nos. 08-1782, 09-2620, and 13-1825 on June 25, 2008, October 28, 2009, and October 23, 2013, respectively, provides...
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