Title
Resolution - A Resolution of the City of Mansfield Making Certain Findings Required by Chapter 372 of the Texas Local Government Code and Creating the South Pointe Public Improvement District, Containing Approximately 873.29 Acres Between US 287 and SH 360, South of Mathis Road and the Railroad
Requested Action
Adopt the subject resolution.
Recommendation
Staff recommends approval
Description/History
The creation of the public improvement district (PID) is required by the South Pointe Development Agreement so as to allow the city to levy special assessments on the properties in South Pointe to fund the operation and maintenance of the items shown in the attachment.
Next Steps:
- Public hearing and ordinance to adopt the assessment, method of payment and service plan
- Contract with a management company to operate the PID
City Staff has conducted a feasibility study and analyze the estimated cost. The operation and maintenance cost will be totally borne by the PID. The City will not be obligated to provide funds to finance the PID other than from the assessments.
State law requires the PID service plan to be reviewed and updated annually for the purpose of determining the annual budget. The amount of assessment may be adjusted following the annual review of the service plan.
Prepared By
Felix Wong, Director of Planning
817-276-4228