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HomeMy WebLinkAboutRes 090903-K - Tax Assessment Village PIDRESOLUTIONNO* A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, APPROVING THE 2003/04 BUDGET AND RELATED PROPERTY TAX ASSESSMENT FOR THE GEORGETOWN VILLAGE PUBLIC IMPROVEMENT DISTRICT #1; WHEREAS, the City is required by State Law to approve the proposed project and related property tax assessment for the Georgetown Village Public Improvement District #1 (PID); and WHEREAS, the proper notice of the property tax assessment was published in the Williamson County Sun, on July 27, 2003; and WHEREAS, the assessment supports the service plan for the PID as previously established. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this ordinance implements the following policy of the Century Plan - Policy Plan Element: 1. Finance Policy End 14.0, which states: "All municipal operations are conducted in an efficient business -like manner and sufficient financial resources for both current and fixture needs are provided", and further finds that the adoption of this resolution is not inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan, SECTION 2. The City Council of the City of Georgetown hereby approves the proposed budget and property tax assessment for the Georgetown Village Public Improvement District #1 to be adopted and levied as required by State Law. RESOLVED this 9th day of September, 2003. ATTEST: City Secretary APPROVED AS TO FORM: P tricia Carls, Brown and Carls LLP City Attorney Village PID Resolution No. P:\AGENDA\2003\budget\VillageResolution04.doc Page 1 of 1 THE CITY OF GEORGETOWN: inayui Georgetown Village PID #1 Board Approved 2004 Budget 7130/03 filename:pidbudget2004.)ds Refer to 2004 Notes GVPiD #1 Maintenance Items Budget Below Alleys/Roads Repair, maintenance and replacement of alleys 250� Landscaping Contracted Mowing and Trimming Three (3) fertilizer applications Inspect Irrigation monthly Subtotal 64,432 #2 As Needed Irrigation Maintenance 41500 #3 Plant replacement. 31090 #4 Subtotal 7,590 Total 72,022 then Items Bench Replacement. 265 Sign Maintenance - 25 hrs/year c@$20/hr 272 Sign Replacement - one park marker/year 272 Lighting maintenance - 25 hfs/yr @ $20/hr 272 Light replacement 272 Gazebo Maintenance 272 Total 1,623 #4 Utilities Irrigation Water/Electric Total City cost to administer annual fee assessment and collection. Legal. (Attending board meeting, minutes, by-laws). Office Supplies City & County Taxes/Fees To 3,289 2,228 265 530 6,312 NOTES #1 Seal cracks In alleyway. #2 Current Contract Amount w/ Bill's Greenhill. #3 $4,000 spent in 2003 to date. #4 3% inflation Increase. #5 Review of 2003 to date Irrigation bills and projected useage for July, August, September. Projected GVPID #1 Tax Income (according to WCAD) $80,768 H41 rm.