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AI# 11822  Regular City Council Meeting 6.7. 08/22/2023:

Information

Agenda Item

Resolution - Finance: Consider a resolution authorizing the Mayor to execute an Interlocal Agreement, by and between the City of Lubbock and the Lubbock Central Appraisal District (LCAD), for the collection of assessments levied on property within the Upland Crossing 3 Public Improvement District.

Item Summary

This agreement is between the City of Lubbock and the Lubbock Central Appraisal District (LCAD). It will allow LCAD to collect the assessments levied by the City Council on property in the Upland Crossing 3 Public Improvement District.

Fiscal Impact

The cost of the collection services will be an amount equal to the cost per parcel for all other cities and independent school districts as calculated in the AGREEMENT FOR ASSESSMENT AND COLLECTION OF TAXES between the City of Lubbock and the Appraisal District or one quarter (1/4) of one percent (1%), of the annual collection budget of the Appraisal District, whichever is greater.

Staff/Board Recommending

D. Blu Kostelich, Chief Financial Officer

Attachments Resolution Upland Crossing 3 PID Upland Crossing 3 PID Interlocal Agmt LCAD LCAD Resolution for Upland Crossing 3 PID

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