HomeMy WebLinkAboutOrdinance - 2016-O0061 - North Point PID Service And Assessment Plan - 05/12/2016First Reading
April 28, 2016
Item No. 6.4
ORDINANCE NO. 2016-00061
Second Reading
May 12, 2016
Item No. 5.2
AN ORDINANCE AMENDING ORDINANCE NO. 2015-00079 IN REGARD TO
THE NORTH POINT PUBLIC IMPROVEMENT DISTRICT REVISED 2015
SERVICE AND ASSESSMENT PLAN BY UPDATING THE REVISED 2015
SERVICE AND ASSESSMENT PLAN TO INCREASE THE APPROPRIATED
CAPITAL OUTLAY FOR THE PURPOSE OF THE CONSTRUCTION OF A
WALKING TRACK; PROVIDING A SAVINGS CLAUSE; AND, PROVIDING
FOR PUBLICATION.
WHEREAS, the appropriated capital outlay approved under Ordinance No. 2015-00079
in the Revised 2015 Service and Assessment Plan (the "Plan") of the North Point Public
Improvement District (the "PID") included only a portion of the entire cost for the
construction of a public walking track (the "Project Costs"); and
WHEREAS, the PID has sufficient funds to support the entire Project Costs; and
WHEREAS, the Plan requires an update to reflect the capital outlay for the entire Project
Costs; NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT Ordinance No. 2015-00079 is hereby amended to update the
Revised 2015 Service and Assessment Plan attached as "Exhibit B„ to said Ordinance,
to increase the appropriated capital outlay for the entire cost of the construction of a
walking track, and with said updated Revised 2015 Service and Assessment Plan
replacing and superseding the existing Plan, and with said updated Revised 2015 Service
and Assessment Plan being attached as "Exhibit A" hereto.
SECTION 2. THAT should any paragraph, section, sentence, phrase, clause or word of
this Ordinance be declared unconstitutional or invalid for any reason, the remainder of
this Ordinance shall not be affected thereby.
SECTION 3. THAT the City Secretary of the City of Lubbock is hereby authorized and
directed to cause publication of the descriptive caption of this Ordinance as an alternative
method provided by law.
SECTION 4. THAT this Ordinance shall become effective, except as may otherwise
be provided herein, from and after its publication as provided by law.
AND IT IS SO ORDERED.
Passed by the City Council on first reading this 28th day of April , 2016.
Passed by the City Council on second reading this 12th day of May , 2016.
GLEN C. ROB RTS MAYOR
ATTEST:
Rebe .ca Garza. City Secretary
APPROVED AS TO CONTENT:
L
Cheryl rock, Executive Director of Finance
APPROVED AS TO FORM:
Ord. North Point PID 2015 Service & Assessment Plan Update Walking Track Outlay
April 15, 2016
City of Lubbock, TX
Finance Department
North Point PID Assessment and Service Plan
Exhibit B
Method of Assessment
Properties will be assessed based on the City's 2015 "net taxable value" as
established by the Lubbock Central Appraisal District and submitted to the City
under Tax Code Section 26.04.
Assessment rate will be $0.14/$100 valuation
All property will be assessed based on the final 2015 "net taxable value".
E!:
4/18/2016 S:\budget\Business Development\PID\North Point PID\2015 Ordinance\2015 Assessment and Service Plan NP - Revised
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