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RES 062612-M - Adding to Gtown Village PID
RESOLUTION NO. O a A RESOLUTION OF THE CITY COUNCIL OF GEORGETOWN, TEXAS, MAKING CERTAIN FINDINGS IN CONNECTION WITH THE ADDITION OF APPROXIMATELY 32.59 ACRES OF LAND, CONSISTING OF SECTION 6 OF THE GEORGETOWN VILLAGE PLANNED UNIT DEVELOPMENT, TO THE GEORGETOWN VILLAGE PUBLIC IMPROVEMENT DISTRICT NO. 1, RELATED TO THE ADVISABILITY OF TH IMPOROVEMNETS, THE NATURE OF THE IMPROVEMENTS, THE BOUNDARIES OF THE PROPOSED DISTRICE, THE METHOD OF THE ASSESMENT AND THE APPORTIONMENT OF COST BETWEEN THE DISTRICE AND THE CITY AS A WHOLE. WHEREAS, pursuant to Chapter 372, Texas Local Government Code, a petition was submitted (the `Petition") to the City Secretary of the City of Georgetown Texas (the "City") requesting to add certain lands into the Georgetown Village Planned Unity Public Improvement District (the "District"), including approximately 32.59 acres of land, generally described as being Section 9 of the Georgetown Village Planned Unit Development; and, WHEREAS, the Petition contained the signatures of owners of property representing more than fifty percent (50%) of the appraised value of the taxable real property liable for assessment within Section 6 of the Georgetown Village Planned Unit Development, and the signatures of property owners who own table real property that constitutes more than fifty percent (50%) of the area of all taxable real property that is liable for assessment within said Section 6 of the Georgetown Village Planned Unit Development, as well as the signatures of more than fifty percent (50%) of all record owners of property liable for assessment within said Section 6 of the Georgetown Village Planned Unit Development and, WHEREAS, with regard to Section 6 of the Georgetown Village Planned Unit Development, the Petition complied with the requirements of Chapter 372, Texas Local Government Code; and, WHEREAS, after proper mailed and published notice, the public hearing was held with all interested parties having been given the opportunity to be heard; NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The City Council, having duly considered the Petition submitted by the property owners in the proposed District, and the comments and evidence of those who appeared at the public hearing on June 26, 2012, hereby makes the following findings: 1. It is advisable to add approximately 32.59 acres of land shown on Exhibit A and further described in Attachment B to in the Petition and generally known as Section 6 of the Georgetown Village Planned Unit Development, to the District under the provisions of Chapter 372, Local Government Code. Resolution No. Description Adding 32 59 acres to the Georgetown Village PID Date Approved: June 26, 2012 2. It is advisable that the City of Georgetown exercise the powers granted by Chapter 372, Local Government Code, in connection with the establishment of the District, including authorizing the District to fund the maintenance of certain improvements within the District. 3. It is advisable that the maintenance activities described above be undertaken and provided in the District. 4. The general nature of the proposed activities of the PID are to maintain the non -City parks, recreational facilities, alleyways, lighting landscaping and related improvements located within the PID boundaries. The proposed assessments shall consist of a perpetual assessment for the administration and maintenance of park facilities, recreational facilities, landscaping, lighting, open spaces, pedestrian alleyways, signage and other related amenities, said maintenance assessment to supplement the normal city operations and maintenance of said park facilities, recreational facilities, landscaping, lighting, open spaces, pedestrian alleyways, signage and other related amenities. The estimated annual cost for maintain the non -City improvements within the PID for 2012 is $221,247, not including interest. Additionally, the estimated cost of new improvements to be added to the Assessment/Service Plan is $22,335,580. 6. The boundaries of the District are set forth in Exhibit B, attached hereto. 7. The method of assessment shall be based upon the annual, assessed value of each lot The assessment shall be $0 20 per $100 valuation The assessment on each lot shall commence on January 1 of the first year after said lot is part of a final, recorded subdivision plat. 8. The total costs of the maintenance of the non -City improvements shall be borne by the property owners within the PID. The City of Georgetown, Texas, shall incur no costs associated with the PID administration or construction, operation, or maintenance of any of the non -City improvements that are maintained by the PID. The apportionment of costs maintain the non -City improvements between the District and the City, as a whole, is as follows: District City Resolution No. moat') 1' Description Adding 32.59 acres to the Georgetown Village PID Date Approved: June 26, 2012 100% 0% SECTION 2. The Resolution shall take effect immediately upon its passage and approval by the Georgetown City Council. RESOLVED this a, day of June, 2012. THE CITY OF GF ORGFTOWN: By• B ca Brettle Secretary APPROVFll AS TO FORM: By: Bridget Q%apm Acting City Attorney Resolution No. O ()CO - Description Adding 32 59 acres to the Georgetown Village PID Date Approved: June 26, 2012 ge . Garver Mayor N / Existing eorgetown Village; Georgetown Village PID: Proposed inclusion of EST. 1848 Georgetown Village Sec. 6 GEORGETOWN TEXAS Area To Be Added '� _ f Georgetown Village;\Sec. 6 N A 1,000 Feet 1 inch = 1,000 feet Legend Existing Gtown Village PID © Section 6 LProperty Lines T