HomeMy WebLinkAboutOrdinance - 2012-O0058 - Amending Ordinance 2011-O0063 For 2011/12 North Point Public Improvement PID - 06/21/2012First Reading
June 21, 2012
Item No. 5.1.1
ORDINANCE NO. 2012 - 00058
Second Reading
July 12, 2012
Item No. 5.25
AN ORDINANCE AMENDING ORDINANCE NO. 2011-00063 WITH
REGARD TO THE SERVICE PLAN AND FY 2011-12 BUDGET FOR THE
NORTH POINT PUBLIC IMPROVEMENT DISTRICT BY INCLUDING
THE COSTS FOR ELECTRIC INFRASTRUCTURE IN THE MEDIANS
AND FOR THE ADDITIONAL COST OF WATER FOR THE
LANDSCAPING IN THE RIGHT-OF-WAY
WHEREAS, the North Point Public Improvement Advisory Board has
recommended that the budget in the FY 2011-2012 Service Plan for the North
Point Public Improvement District which is a part of the Assessment Plan in
Ordinance No. 2011-00063, be amended to include the cost of installing the
electric infrastructure necessary to light the trees in the median at Christmas, and
for increased cost of water for the landscaping in the right-of-way; and
WHEREAS, there are adequate funds in the budget for the FY 2011-12
Service Plan of the North Point Public Improvement District to support this
amendment; and
WHEREAS, the City Council desires to amend the Service Plan to
include this improvement; NOW THEREFORE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
LUBBOCK:
SECTION 1: THAT Ordinance No. 2011-00063, is hereby amended by
replacing Exhibit B, the Revised 2011 Service and Assessment Plan for the North
Point Public Improvement District, with the "Second Revised 2011 Service and
Assessment Plan for the North Point Public Improvement District" which is
attached to this Amendment as "Attachment 1" and incorporated herein as if fully
set forth.
SECTION 2: THAT if any section, paragraph, clause or provision of this
Ordinance shall for any reason be held to be invalid or unenforceable, the
invalidity or unenforceability of such section, paragraph, clause or provision shall
not affect any of the remaining provisions of this Ordinance.
SECTION 3: THAT the City Secretary is hereby authorized to cause
publication of the descriptive caption of this Ordinance as an alternative method
provided by law.
PASSED by the City Council on first reading .Tune 21 , 2012.
PASSED by the City Council on second reading July 12 , 2012.
GL RORfKYSON, MAYOR
ATTEST:
Re cca Garza
City Secretary
APPROVED AS TO CONTENT:
C+w2&
Cheryl Brock,
Budget Director
APPROVED AS TO FORM:
Linda L. Chamales,
Economic Development Attorney
lc: cityatt/Linda/Ordinances/ Amendment — North Point Christmas Lights
June 5, 2012
Ordinance No. 2012-00058
Service Plan
Calendar Year
Property Values• (Taxable)
Discounted Property Values
Fiscal Year Revenues
Interest
Assessment @ $0.14
Total
Expense-$K**
Slide Road - right of way & median maintenance
Water cost for irrigation
Repair and Replacement of Public Improvements
Right-of-way Improvements
Neighborhood Entry Stations (2)
General Maintenance (3 rotations ofcolor)
Seasonal Lighting of Entry
Hike & Bike Trails under utility easement
50 ft. wide linear track, 17.5 acres @ $1,178
Electric Cost for Lights & Seasonal Lighting
Administrative Costs
Annual Operation Cost
(Notices, Public Hearings,
Collection Costs, Advisory
Group)
Capital Outlay
Constr. of trail, 63,360 sq. ft. @ $5.00 = $316,800
Total
Cash Reserve
*Property Value growth rate = 2 % annually
**Expense growth rate = 2 % annually
^Total amounts also include actual revenues and expenses prior to 2009
Assessment Information
2004-2016
Assessment per $100,000 $ 140.00
City of Lubbock, TX
Finance Department
2011 Second Revised Service and Assessment Plan
for the North Point Public Improvement District
Attachment 1
Actuals
2009 2010 2011 2012 2013
Proposed
2014 2015 2016 Totals
$ 53,385,221
54,852,353
57,194,936
59,490,881
65,275,607
71,233,876
77,370,892
83,692,019 $
83,692,019
53,385,221
54,852,353
57,194,936
53,541,793
58,748,047
64,110,488
69,633,803
75,322,817
75,322,817
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Totals^
186
301
229
1,285
1,351
1,071
193
365
11,194
74,735
76,792
72,205
74,959
82,247
89,755
97,487
105,452
860,595
74,921
77,093
72,434
76,243
83,598
90,826
97,680
105,817
871,789
9,722
10,017
13,000
16,250
16,575
16,907
17,245
17,590
161,145
3,526
15,382
16,500
16,830
17,167
17,510
17,860
18,217
122,992
515
-
-
-
5,000
5,100
5,202
5,306
23,391
-
-
10,000
-
-
-
-
-
10,500
9,093
6,528
6,659
6,792
6,928
37,399
-
-
-
-
20,615
21,027
21,448
74,205
348
514
550
1,122
1,144
1,167
1,191
1,214
9,952
1,088
2,427
1,937
3,812
4,180
4,541
4,884
5,291
28,160
3,482
4,054
5,800
5,916
6,034
6,155
6,278
6,404
44,122
-
IOQ000
100,000
100,000
-
-
300,000
18,681
32,394
47,787
153,023
156,628
178,654
80,479
82,397
811,866
$ 187,591
232,291
256,938
180,158
107,128
19,300
36,502
59,922 S
59,922
6/9/2012 Q:\Business Development\PIDWorth Point PID\2011 OrdinanceINOrthPointPIDService Plan Assessment 2011 Second Revised Attachment I