CITY OF PFLUGERVILLE NOTICE OF PUBLIC HEARINGS
CREATION OF LAKESIDE PUBLIC IMPROVEMENT DISTRICT (PID)
NOTICE OF PUBLIC HEARING REGARDING THE CREATION OF THE LAKESIDE MEADOWS PUBLIC IMPROVEMENT DISTRICT
Pursuant to Section 372.009(c) and (d) of the Texas Local Government Code, as amended (the “Act”), notice is hereby given that the City Council of the City of Pflugerville, Texas (“City”), will hold a public hearing to accept public comments and discuss the petition (the “Petition”), filed by the Owners of all property within the District, requesting that the City create a public improvement district (the “District”) to include property owned by the Owners.
Time and Place of the HearingA Public Hearing will be held regarding on May 12, 2020 either at City Hall 100 E. Main Street, Suite 500, Pflugerville, Texas 78660 or by video/telephone conference. The agenda for the Public Hearing will be posted 72 hours prior to the public hearing. Please check the city’s website https://pflugervilletx.legistar.com or 100 E. Main Street, Pflugerville, Texas 78660 for information on whether the public hearing will be held via video/telephone conference or in-person.
General Nature of the Proposed Public Improvements
The purposes of the District include the design, acquisition, construction, and improvement of public improvement projects authorized by the Act that are necessary for the development of the Property, which public improvements will generally include: (i) the establishment of parks and open space, together with the design, construction and maintenance of any ancillary structures, features or amenities such as trails, pavilions, community facilities, parking structures, sidewalks, irrigation, walkways, lighting, benches, trash receptacles and any similar items located therein; (ii) landscaping; (iii) acquisition, construction, and improvement of water, wastewater and drainage facilities; (iv) acquisition, construction and improvement of streets, roadways, rights-of-way and related facilities; (v) entry monumentation and features; (vi) signage; (vii) projects similar to those listed in subsections (i) – (vi) above; and (viii) payment of costs associated with constructing and financing the public improvements listed in subparagraphs (i) – (vii) above, including costs of establishing, administering and operating the District (the “Authorized Improvements”).
Estimated Cost of the Authorized Improvements
The estimated cost to design, acquire and construct the Authorized Improvements is $20,000,000.00 (including issuance and other financing costs).
Proposed District Boundaries
The District is proposed to include approximately 416.6 acres of land generally located in Pflugerville, Travis County, Texas, as more particularly described by a legal description attached hereto as Exhibit A.
Proposed Method of Assessment
The City shall levy assessments on each parcel within the District in a manner that results in imposing equal shares of the costs on property similarly benefited. All assessments may be paid in full at any time (including interest and debt), and certain assessments may be paid in annual installments (including interest and debt). If an assessment is allowed to be paid in installments, then the installments must be paid in amounts necessary to meet annual costs for those Authorized Improvements financed by the assessment, and must continue for a period necessary to retire the indebtedness of those Authorized Improvements (including interest).
Proposed Apportionment of Cost between the District and the City
The City will not be obligated to provide any funds to finance the Public Improvements, other than from assessments levied on the public improvement district property. No municipal property in the public improvement district shall be assessed. Owners may also pay certain costs of the improvements from other funds available to the Owners.