Title
Approving a resolution of the City of Pflugerville, Texas determining costs of the proposed public improvements in the Lakeside Meadows Public Improvement District (PID), approving a proposed assessment roll, calling a public hearing, and making related findings and determinations, in accordance with Chapter 372 of the Texas Local Government Code.
Summary
As provided with the related ordinance, the purpose of a Public Improvement District (PID) is to create a funding source for a defined geographic area in support of identified improvements. The proposed PID pertains to approximately 416.63 acres of land generally located at the northeast corner of SH130 and Pecan Street known as Lakeside Meadows Development. The proposed PID would include 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
This is the first step in approving the levy of assessments for the project. The Preliminary Service and Assessment Plan attached has been prepared and reviewed by city staff, the City’s PID Administrator, Bond Counsel, City Attorney and Financial Advisor, as well as the Developer and Developer’s Counsel. The consideration by the City Council to levy assessments will occur at the completion of the public hearing scheduled for April 23, 2024, and reading of the ordinance scheduled is scheduled to occur on April 23, 2024 (1st Reading) and May 14, 2024 (2nd reading).
Prior City Council Action
January 2020 - City Council approved the rezoning of this property to Planned Unit Development (PUD) in January 2020.
May 12, 2020 - Council held a public hearing and approved a resolution creating the Lakeside Meadows Development Public Improvement District (PID)
May 12, 2020 - Council approved a resolution requiring the dissolution of the Public Improvement District (PID) if special assessments did not occur
February 22, 2022 - City Council approved an amendment to the Planned Unit Development (PUD)
June 14, 2022 - City Council approved the reimbursement agreement for the project
June 28, 2022 - City Council accepted the PID petition to revise the boundaries and set a public hearing date
July 26, 2022 - City Council set an updated public hearing date
August 23, 2022 - City Council held a public hearing and postponed action on the item until September 13, 2022
September 13, 2022 - City Council approved a revision to the boundaries of the public improvement district.
September 13, 2022 - City Council approved a resolution extending the date regading the dissolution of the Public Improvement District (PID) if special assessments did not occur by May 2024
Deadline for City Council Action
Action is requested on April 9, 2024.
Funding Expected: Revenue __ Expenditure __ N/A _X_
Budgeted Item: Yes __ No __ N/A _X_
Amount: __N/A______
1295 Form Required? Yes __ No _X_
Legal Review Required: N/A __ Required __ Date Completed: April 1, 2024
Supporting documents attached:
Resolution with exhibits
Recommended Action
Motion to approve the resolution as presented.