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 assess...
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