The City Council authorized the creation of the Georgetown Village Public Improvement District (GVPID) via Resolution No. 990223-N, and amended via Resolution Numbers 050801-AA-1, 032602-R, 040803-V-2, 011309-JJ, 062612-M, and 072214-R, to fund certain public improvements that benefit the land within the approximate 391.83-acre district (Exhibit “A”). These improvements include pocket parks, landscape areas, street trees, sidewalks, trails, alleyways, distinctive lighting, signage, recreational facilities and other related improvements. Additionally, it includes those services necessary for the administration and operation of the district, including those of the City and the annual collection of assessments.

On July 23, 2019, the City Council set August 27, 2019, as the public hearing date for the levy of assessment. The total estimated cost of the services and improvements for the next 5 years is $1,770,299, with an average annual cost of approximately $354,060, not including interest. The additional cost to provide and maintain these services may be funded through an additional assessment of $0.14 per $100 valuation. The proposed method of assessment is based on the value of the real property and real property improvements as determined by the Williamson Central Appraisal District (WCAD).

The final 2020 Service Plan, and the 2019 Assessment Roll, Method of Assessment and Levy of Assessment (Assessment Plan) are attached as Exhibit “B”. The proposed Service Plan and Assessment Plan are feasible and sound and will serve the needs and desires of the property owners.