STRATEGIC PRIORITY: Economic Development
AGENDA DATE: May 24, 2023
COUNCIL DISTRICT(S): 2, 6
DEPARTMENT: Office of Economic Development
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
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A public hearing to receive comments concerning the renewal of the Oak Lawn Hi-Line Public Improvement District (the District), in accordance with Chapter 372 of the Texas Local Government Code (the Act), for the specified area of the District, to provide supplemental public services to be funded by assessments on real property and real property improvements in the District; and, at the close of the public hearing, authorize: (1) approval of a resolution renewing the District for a period of 10 years, from 2024 to 2033; (2) approval of the District's Service Plan for 2024-2033 to provide supplemental public services, to be funded by assessments on real property and real property improvements in the District; and (3) a management contract with Oak Lawn-Hi Line Improvement Corporation, a Texas nonprofit corporation as the management entity for the District - Financing: This action has no cost consideration to the City (see Fiscal Information)
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BACKGROUND
On February 1, 2023, Oak Lawn-Hi Line Improvement Corporation, representing owners of real property located within the District, submitted petitions to the City of Dallas requesting the renewal of the District and approval of the District's Service Plan for a new ten-year term effective January 1, 2024 to December 31, 2033, in accordance with the Act. This is the District's second renewal.
City staff reviewed the petitions and verified that owners of record representing 61.9% of the appraised value and 62.7% of the land area of real property in the District liable for assessment had signed the petitions, thereby exceeding the minimum requirements for renewal set in the current City of Dallas PID Policy and the Act. The City's PID Policy requires signed petitions...
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