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HomeMy WebLinkAboutResolution - 2023-R0224 - Oversight and Management of Willow Bend Villas PID to the City ManagerResolution No. 2023-RO224 Item No. 6.4 May 9, 2023 RESOLUTION WHEREAS, Chapter 372 of the 'texas Local Government Code (the "Code") establishes regulations for public improvement districts (PIDs); and WHEREAS, in accordance with Sec. 372.008 of the Code, the City Council of the City of Lubbock (the "Council") is authorized to appoint an advisory body with the responsibility of developing and recommending an improvement plan to the Council; and WHEREAS, on October 26, 2021, via Resolution No. 2021-R0439, the Council authorized the creation of Willow Bend Villas PID (the "WBV PID") and created an advisory body to be composed of five (5) members to make recommendations to the City on all matters related to the development of the WBV PID; and WHERAS, Section 372.008 of the Code requires an advisory body be composed of the owners of more than fifty percent (50%) of the appraised taxable value in the PID and the record owners holding more than fifty percent (501•o) of real property liable for the assessment to be paid to the PID; and WHEREAS, the current land owners who meet the criterion to be the advisory body for the WBV PID are out-of-state investors, and the membership of the advisory body has not yet been established; and WHEREAS, for this reason, the owners are requesting the Council repeal Section 4 of Resolution No. 2021-R0439 which set forth the creation of the advisory body and in turn have the City provide oversight and management of the WBV PID improvement plan. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the City Council of the City of Lubbock hereby finds that it is in the best interest o: the citizens of the City of Lubbock to repeal Section 4 of Resolution No. 2021-R0439; and THAT the Council hereby, repeals said Section 4; and THAT the City Manager is hereby directed to provide oversight and management of the Willow Bend Villas PID improvement plan. Passed by the City Council on May 9, 2023 TRAY NE, A - - Page 1 of 2 ATTEST: Courtney Paz, City etary APPROVED AS TO CONTENT: — e�?-6 �� Blu ostelic , Chief Financial Officer APPROVED AS TO FORM: K lli Leisure, Senior Assistant City Attorney ccdocs RES.UDC Repeal sec. 4 of 2021-R0439 4.1 1.23 Page 2 of 2