Resolution - Business Development: Consider a resolution approving the method of assessment classification for the Upland Crossing 3 Public Improvement District, and calling for a public hearing on April 11, 2023.
Item Summary
Following a public hearing at the Regular City Council meeting on March 7, 2023, the City Council approved the creation resolution establishing the Upland Crossing 3 Public Improvement District (PID). The creation resolution was recorded with the Lubbock County Clerk's Office on March 9, 2023, as required by state statute.
The next step in the PID establishment process is to consider a resolution approving the classification(s) regarding the method of assessment and to call a public hearing to consider an ordinance to levy the assessment. All properties are identified as one classification with the method of assessment being based on assessed values. A proposed list of property owners, addresses, valuations, assessment rates and assessments will be made available for review by the public in the City Secretary's Office after April 11, 2023.
