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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. - . Y —..�.- .. ------ —, ���wo�� � �� ��,, � i �,,k ���, � �fi �� �� �� " CHRIS WATTS, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY ��. � �.� �. �� ���' � �„ , °' � �� � �� � �, •��� �� .��"� BY: � � � ��_ �� G�� � ,., f ,�� APPROVED AS TO LEGAL FORM: AARON LEAL, CITY ATTORNEY .� ; � � �, �a�°,n � " �� �� BY• � � � ��" , � �.a � �y� �� • � �: � ' r i, , 1. � . �, . . � � . �. w � . � � . . . ., � . . � . � � ��- � -� � � � � r- w , -��� � �,,,. / � ! I :" � / ,,.,. • ' � � � Y � r r n, w.!. �,. � . ` M i! Y ,� ,. .1�� �� �#1����� . . �. . i� . a� . � . ; . . � � � I � ` � �' • �� ! � � ` 1� "� � • • r ' ' f� � � � '� i I � � . .� . , � � �, � i �1 . . . . . . * . . .� w' "y 1 � # � 1 I !` �' i M, '� .' '. 11 , � �� #� i `�r � � ��# � � i �' ! ' *, � �# � l !-' ` ' � ,� « . - �1 1 � �° ` � � I w � � i�1 l ! •` i . � 1 '1. ! �' + � ',, • � ',, � , y � ' � �,,, ! � �l � �:. ��# .,. r . t � .. . r II "' "� � . � � .. . ' . � . � , - �l �� y � +r . � . � � . . . � . � ' �,;. ` � 1 ` . . . ,, , � '�� � � ! i • • , " . " • � � ! � I -,. ` !� � � . I � • �„ � �' ,� w' M . � - �'- • ♦� � / ,,. � I.,. w � � ' , �' M y�` � ! � �' � � I � �1 � `��� • � !! .. � �. .., . . � .,, y . � . ,. . .. � � . . � . , , . � +. y �% � �, � �. . � � w a , w y a�,.. � I � � � � �, ^. � + �. . I. � •� ... a � � � �- �� . � � t. sr �, � \ �,,,,. ,'..I ♦ +fr a .� a � I a a. �' I � � I. M . � � 1 � . . ^ . r , ,� � * ^. , y ,�' ' � ��. * w, � w: I . ',, I � ... Y � .. � r � ,,, � � . � �',, � �. a �� . �. : a .. � .� . a � w . r � . �' �; �, � � � � � rt ♦ �: M / ' / j � N .!1 .R � � � ,, � � � 1; f �� w i � �A � . � . � , t . , . � 1 # ' � �, y �� . � � .. . . �" ,� �, � ,� � �� . „ a. . � M �� � /��-.. � i ',. � » � � ....... r , ., .. + �, �,.... . �.. � , ,r .. � 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 . � . �� . � ., � � �r � + - �� • 1., 1 � 1 . 1� 1 , y � �, � � � � + - � �` . � '" �- �,., * 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�. • l; � . , ', • :1 `� 1 w , �� � «� �- -� � �� � �; M" � r, . ., (1' 1� � . + � iM , ,1� , � � � �i , .� �� � ^` � � � � i � � ii