Title
Consider approval of a resolution authorizing and creating the NorthPointe East Public Improvement District in accordance with Chapter 92 of the Texas Local Government Code; providing for related matters; and providing an effective date.
Summary
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 31.14 acres of land generally located along the east side of SH130 between Pflugerville Parkway and Copper Mine known as the NorthPointe East project. The proposed PID would include the design, acquisition, construction, and improvement of public improvement projects authorized by state law that are necessary for the development of the property. Public improvements will 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 within the space;
(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; and
(vii) other similar projects similar to those listed above.
This item is related to the NorthPointe PUD project also on the October 8th agenda.
The public hearing allows the public to comment on the creation of the PID for the subject tract and future items will be before City Council with the details regarding the specific projects that will be funded for the NorthPointe project utilizing PID financing.
Previous City Council Action
City Council conducted a public hearing on this item on October 8, 2019.
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: To be completed prior to presentation of the resolution related to this item anticipated for November 26, 2019
Supporting documents attached:
Resolution (Not attached to this item)
Location Map
Recommended Action
Motion to approve resolution as presented.