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HomeMy WebLinkAboutResolution - 2023-R0601 - Cypress Ranch Public Improvement District (PID), Public Hearing, January 9, 2024 - 12/12/2023Resolution No. 2023-R0601 Item No. 5.14 December 12, 2023 RESOLUTION WHEREAS, through Resolution 2023-R0589 the City Council of the City of Lubbock (the "Council") has authorized the creation of the Cypress Ranch Public Improvement District (the "PID") pursuant to Chapter 372 of the Texas Local Government Code (the "Code"); and WHEREAS, the Code requires the Council to review and approve an ongoing Service Plan (the "Plan") for the PID, with such Plan covering a period of at least five (5) years, defining the annual indebtedness, projecting the costs for improvements in the PID, and including an assessment plan for the PID; and WHEREAS, the Code requires the Council to prepare a proposed assessment roll (the "Roll") stating the assessment against each parcel of land in the PID, with such Roll to be filed with the municipal secretary and being made available for public inspection; and WHEREAS, based on the Roll, the Code requires the Council to apportion the cost of improvements and services to be assessed against the property within the PID on the basis of special benefits accruing to such property because of said improvements or services and to establish the methods for the assessment of the special benefits among the various classes of properiy within the PID; and WHEREAS, the Code requires the Council to hold a public hearing to consider the proposed apportionment and assessment for the PID, and for the Council to require that notice of the public hearing is published in a newspaper of general circulation within the City of Lubbock, and that notice of the public hearing is mailed to owners of property liable for assessment within the PID; and NOW, THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1: THAT city staff is hereby directed to prepare a Service Plan for the Cypress Ranch Public Improvement District, with such Service Plan covering a period of at least five (5) years, defining the annual indebtedness, projecting the costs for improvements in the Cypress Ranch Public Improvement District, and including an assessment plan for the Cypress Ranch Public Improvement District. SECTION 2: THAT city staff is hereby directed to prepare a proposed assessment roll for the Cypress Ranch Public Improvement District stating the assessment against each parcel of land in the Cypress Ranch Public Improvement District, with such proposed assessment roll to be filed with the municipal secretary and being made available for public inspection. SECTION 3: THAT a public hearing is hereby scheduled at two in the afternoon (2:00 PM), Tuesday, January 9, 2024 in the City Council Chambers, 1314 Avenue K, Lubbock, Texas, to consider the proposed apportionment and assessment for the Cypress Ranch Public Improvement District. SECTION 4: THAT the notice of the aforementioned public hearing shall be published in a newspaper of general circulation in the city before the tenth (10`h) day before the date of the public hearing as required by Chapter 372 of the Texas Local Government Code, with such notice containing the date, time, and place of the public hearing; the general nature of the improvements and services; the cost of the improvements and services; the boundaries of the assessment district; and, a statement that written or oral objections will be considered at the public hearing. SECTION 5: THAT when the proposed assessment roll is filed with the municipal secretary, city staff is hereby directed to mail to the last known address of each property owner liable for assessment (as reflected on the tax rolls) a notice of the public hearing containing, at a minimum, the information contained in the published notice. Passed by the City Council on December 12, 2023 , 2023. ATTEST: � TRAY P a, MAYOR Courtney Paz, City S cretary APPROVED AS TO CONTENT: � D. Blu Ko elich, Chief Financial Officer APPROVED AS TO FORM: elli Leisure, Senior Assistant City Attorney