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File #: ORD-0745    Version: Name: Martin Tract - SAP Ordinance
Type: Ordinance Status: Approved
File created: 8/17/2023 In control: Planning Dept
On agenda: 9/26/2023 Final action:
Title: Approving an ordinance on second reading with the caption reading: An ordinance approving the 2023 Annual Update to the Service and Assessment Plan and Assessment Roll for the Martin Tract Public Improvement District including the collection of the 2023 annual installments.
Attachments: 1. Ordinance, 2. Exhibit A - Service and Assessment Plan, 3. Martin Tract Location Map

Title

Approving an ordinance on second reading with the caption reading: An ordinance approving the 2023 Annual Update to the Service and Assessment Plan and Assessment Roll for the Martin Tract Public Improvement District including the collection of the 2023 annual installments.

 

Summary

This ordinance levy’s the annual assessments to the property to pay for defined infrastructure necessary to support the development and approves the updated service and assessment plan for the Martin Tract Public Improvement District (PID), also known as the Enclave at Cele Subdivision.  This action is required to be done annually until all assessments have been collected.

 

For reference, the purpose of a PID is to create a funding source for a defined geographic area in support of identified improvements.  The proposed PID pertains to approximately 40.447 acres of land generally located on the south side of Cele Road, just west of Melber Lane and East of Verona Subdivision.  The PID includes the design, acquisition, construction, and improvement of public improvement projects authorized by the Act that are necessary for the development of the Property, which public improvements may generally include:

                     (i) the establishment of parks and open space, together with the design, construction and maintenance of any ancillary structures, features or amenities such as trails,  pavilions, community facilities, parking structures, sidewalks, irrigation, walkways, lighting, benches, trash receptacles and any similar items located therein;

                     (ii) landscaping;

                     (iii) acquisition, construction, and improvement of water, wastewater and drainage facilities;

                     (iv) acquisition, construction and improvement of streets, roadways, rights-of-way and related facilities;

                     (v) entry monumentation and features;

                     (vi) signage;

                     (vii) projects similar to those listed above

 

The cost of the improvements included within the PID is approximately $5.1M.  The cost of improvements was initially paid by the developer and then the cost is assessed to the future residents of the tract, to be paid over a period of up to 30 years.  The PID assessment may be paid off earlier should the future property owner desire to do so. 

 

Prior City Council Action

On September 12, 2023, City Council approved this ordinance on 1st Reading

On January 2022, City Council approved the Service and Assessment Plan.

On June 23, 2020, City Council held a public hearing on the creation of the PID.

On August 11, 2020, City Council approved the rezoning of this property to Single Family Residential (SF-R).

On December 8, 2020, City Council approved the creation of the PID.

 

Funding Expected: Revenue __  Expenditure __  N/A _X_ 

Budgeted Item: Yes __ No __  N/A _X_                     

Amount: ________ 

1295 Form Required? Yes __ No _X_                     

Legal Review Required: N/A __ Required _X_ Date Completed: August 22, 2023                     

 

Supporting documents attached:

Ordinance

Exhibit A - Service and Assessment Plan Update

Martin Tract Location Map

 

Recommended Action

Approve the ordinance on second reading as presented.