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AI# 10918  Regular City Council Meeting 7.12. 08/23/2022:

Information

Agenda Item

Public Hearing - Finance: Hold a public hearing on the proposed 2022 Assessment Rate for the Upland Crossing Public Improvement District (PID), and consider an ordinance reviewing classifications for the methods of assessing special benefits for the services and improvements of property in the Upland Crossing PID; approving, adopting, and filing with the City Secretary the assessment roll; levying 2022 assessments for the cost of certain services and improvements to be provided in the district during FY 2022-23; fixing charges and liens against the property in the district and against the owners thereof; and providing for the collection of the assessment.

Item Summary

The item includes a public hearing and once the public hearing is concluded, consideration of the Assessment Ordinance. The purpose of the public hearing is to provide the opportunity for property owners in the Upland Crossing PID to speak in favor of, or in opposition to, the assessment to be levied in the Upland Crossing PID for 2022.  The City of Lubbock is required to hold a public hearing annually to levy the assessment.  A Notice of Public Hearing was published in the Lubbock Avalanche Journal, and notices were mailed to the property owners by Wednesday, August 10, 2021, as required by the statute.  At or on the adjournment of the hearing on proposed assessments, the governing body of the municipality must hear and pass on any objections to the proposed assessment. The proposed assessment rate for 2022 is $0.15 per $100 valuation.  This is the same rate as 2021.  All property will be assessed for 2022. The City Council is required to review the Service and Assessment Plan annually, hold a public hearing, and adopt an ordinance setting the assessment rate for the PID.  The attached ordinance reflects the proposed rate of $0.15 per $100 valuation.  The revised service and assessment plan is included in the backup.  Exhibit C to the ordinance is available for viewing in the Office of the City Secretary.

Fiscal Impact

The funds raised by the assessment will be used to provide landscape maintenance on the entry ways and parks, repair and replace amenities, including alley fences, lighting, and any other maintenance needed on projects in the District, as well as cover a portion of the costs of administering the PID. The projected assessment that will be collected for 2022, based on estimated values, is $180,063.

Staff/Board Recommending

D. Blu Kostelich, Chief Financial Officer Upland Crossing PID Advisory Board

Attachments Upland Crossing PID Public Hearing Notice 2022 Upland Crossing PID Draft Ord with EXH A, B

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