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File #: 22-4932    Version: 1 Name: Public Hearing on a Resolution Approving the Fiscal Year 2022/2023 Services and Assessment Plan for the South Pointe Public Improvement District (“PID”); Providing a Severability Clause; and Providing an Effective Date
Type: Resolution Status: Passed
File created: 9/16/2022 In control: City Council
On agenda: 9/26/2022 Final action: 9/26/2022
Title: Resolution - Public Hearing on a Resolution Approving the Fiscal Year 2022/2023 Services and Assessment Plan for the South Pointe Public Improvement District (“PID”); Providing a Severability Clause; and Providing an Effective Date
Sponsors: Troy Lestina
Attachments: 1. Resolution, 2. PID Budget 2023-2027
Title
Resolution - Public Hearing on a Resolution Approving the Fiscal Year 2022/2023 Services and Assessment Plan for the South Pointe Public Improvement District (“PID”); Providing a Severability Clause; and Providing an Effective Date

Requested Action
Approve the Annual Plan of Service and Budget of the South Pointe Public Improvement District.

Recommendation
Staff recommends that the City Council of the City of Mansfield, Texas approve the Annual Plan of Service and Budget along with the updated five-year plan of Service and Budget for the South Pointe Public Improvement District.

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. There is no change from the original assessment. These assessments will be collected through the same systems used to collect ad valorem property tax.

Justification
The annual plan of Service and Budget for the South Pointe Public Improvement District addresses the on-going maintenance needs within the boundaries of the public improvement district. The budget for fiscal year 2023 is $681,959. The Developer and the Management Company are working in concert to maintain the district. Their efforts are focus...

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