HomeMy WebLinkAbout18-1039A S I,L1TI N E A II�1 AI�I ACINCi S L6TT'I I� 2014m011 A l�t I1�1C`i
GiJI EL,II�tES F� LJ L,IC I R VE EI�1T IST I� �9 AI� O�I II�1Ci AI�
FFEC'iI'V'E AT a
E A.S, ih� City �ouncil �dcapte �soluti�sn 201 �011 c�r� c�r �bc�ut A ril 1, 2414, i�
���d existir�g �uid�lir�es f�r t��stablzs �nt �f publi� i rs�v� �r�t di�tricis, whic v�er�
�rFgir�ally �ut ir�t� �la�e ar� Juiy 24, 2007; and
E �.5, Ch�pt�r 372 �f th� T�xa I,c�c. ov't C� ��liz��rs th� City c�f �ntar� ta� l�vy
��d call�ct sp�cial �ss�ss �nts �n rc�p�rty th�t is l�cat� v�ithin th� city c�r within th� city's
�xtr�t��ritorial jurisdictian; and
�S, th� fu� s fr� th�s� sp��ial �ss�ss �nts c�r� � us�d t� �ke ��rt�ir�
i pr�v� �nts �s auths�riz�d by t� T�xa c��o C�c�v't Cc�d� t� t� ir�fr�str�ctur� t�a facilit�t�
��c�nc� i� �ro within �n �r��; �nd
E EA�, th� City �c�utx�il firads it tcs b� i� th� best ir�ter�st �it e ciiiz�r�s of �ntt�n ta�
prc�vid� a or� �xible ps�li�y to �ll�vv a��se� y��ase d�t�r ir�atis�r� as to �h�th�r s���iiic rcaj�cts
ar� fr��r��y�lly f��sibl� and s�rve � public pu�pos�� �nd
E AS, the Ciiy �c�un�il e�vishes to r�p�al �sc�lutic�r� 2014� 11 ar�d �d� t this
ress�lutic�n �n ord�r tc� �st�blish the �uzdelin�s a.s etaii�d h�r�ir� zr� th� u li� int�r�st �f th�
r�si �r�ts c�f th� City c�f �nt�an; I�T T` EF E,
T CI'I'Y C LJIVCII, (7F T CIT'Y F EI�I C7I� �' S L,iT Se
SECTI�I�T 1 a Th� �ity C�ur��il caf t� City af �r�tc�r�, T�x�s h�reby r� e�ls �sc�luty�n
2014v011 ar� r� lac�s it with this r�sc►�utian,
�ECTI I�12. T`h� �ity C�uncyl h�r�by �ut c�riz�s th� �ds��ati�n �ft ��I �uid�lin�s, whi�
�r� att�ched h�r�to �nd ad� a part h�r�c�f by r�f�rer�c�,
S CTI I� 3. T��ity Coun�il ay, fr� ti ��tca�ti e, �sansid�r ch�r���s to th�s�
guid�lines as vaill be r� ��t� by t�ir iuiure �ctic�r�.
�I:�,i�" l'G�:��...........��R, Th� cati�r� tc� ��r�v� ihss �r in ce w ade by
the � � � __� � "�� �° �_�'�.... a�d s�cond�d b �"a� �� �'�� � IT
_ �� �°r�,� � � _����� �" � , _. .. ....m
� y `• � ` ��
ordinance was p�ss�d and apprc�v�d by th� f�lla�ran� v�te �.W � '��� �
ye y s i � t
C is �1at�s, ayora �
��r�rd u sp�t , istri�t 1 e _�
Keely G. Briggs, District 2:
Don Duff, District 3: __ITIT �
John Ryan, District 4: V
Deb Armintor, At Large Place 5: ��
Paul Meltzer, At Large Place 5: � �_Vmm
✓
PASSED AND APPROVED this the o��i °� da of �G,/��ZP ........,,_ 2018.
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CHRIS WATTS, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
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BY: � � � ��_ ��
G�� � ,., f
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APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
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2. I7�vel�p �nt is in th� ETJ and ova�er is v�illin� tr� voluntarily a�x intc� City in �xchan��
for l�I .
3. Th� d�v�lop�r's project results in the use of the PI by �he city as an �cono i�
dev�lop ent t�ol and n�t �rely as a firzancing s�ua°ce for the dev�l�p�r.
4. I�evel�per voluntarily pays for scs e oversizin� o�` infrastructur� if n�eded t� ser�re
surro�ndin� areas in exchange for havin� T�I dc�llars fcsr d�velc�p�r's prc�portianate share
(�vhich devel�per is �ntir�ly responsibl� for with�ut a PII)}.
5. Th�re is an under�yin� district (such as a LT ) alr�ady cr�at�d but still und�v�l�ped vaith
n� bonds issued, a�d dev�lc�p�r is willing t� �ive up ri�ht to s�ll distri�t bonds and disssslve
district (which eli inates separate political subdivision n�t con�roll�d by city) in �xch g�
�or PII� financin�.
6, I7�velop �r�t l�cated in th� water CCl�t of �noth�r s�rvice pravider and d�velaper is willan�
to d�certify its land fro the �th�r CCN ss� City can acquire CCI�T and serve.
In deter ining whether the �II� is is� y e si �, the City will c�nsid�r, a�n� s�ther thi�.�s, th�
follo�vin�e
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3a PI finan�in� is �nly finan�ing 50% �r less of th� c�sis of th� i pr�ve �nts th�t qualify
for I'II7 financin�.
4. T'he valuemtamli�n ratio is at least 3:1 �r th� pr�sj�ct is s� u�iqu� that it justifies d can
support a l�wer valuemtc�mli�n ratic�.
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