Title
Resolution - A Resolution of the City Council of the City of Mansfield, Texas authorizing a contract between the City of Mansfield, Texas and Tarrant County and the County’s Assessor/Collector for the Collection of the South Pointe Public Improvement District Assessment/Collection Services
Requested Action
Approve the Contract between the City of Mansfield, Texas and Tarrant County and the County’s Tax Assessor/Collector, to collect public improvement assessments on behalf of the City of Mansfield, Texas.
Recommendation
Staff recommends that the City Council of the City of Mansfield, Texas approve the Contract by authorizing the City Manager or his designee to enter into a contract with Tarrant County and the County’s Tax Assessor/Collector for the City’s tax collection services.
Description/History
In January 2016, the City Council of the City of Mansfield, Texas received a petition requesting creation of a public improvement district under Chapter 372 of the Texas Local Government Code from the owners of real property representing more than fifty percent (50%) of the appraised value of the real property liable for assessment in the proposed District. The resolution authorizing and creating the South Pointe Public Improvement District was approved on February 22, 2016.
The South Pointe Public Improvement District is approximately 873 acres. The public improvement district is to provide services that enhance the lifestyle, personal pride, enjoyment, and property values within the district. An annual assessment of $1,000 for a single family home within the District and $120 for each multifamily unit within the District shall be levied. These assessments will be collected through the same systems used to collect ad valorem property tax.
Justification
The cost per account is $0.98 cents per account within Tarrant County and the cost per account outside Tarrant County, Johnson and Ellis County, is $2.00 per account. As these tracts of land are developed, the single family and multi-family residences will be assessed the Public Improvement District assessment fee.
Funding Source
N/A
Prepared By
Troy Lestina, Chief Financial Officer; 817-276-4258