City of Georgetown, Texas
City Council Regular Meeting
September 10, 2019
Second Reading of an Ordinance approving and adopting the final 2020 Service Plan, 2019 Assessment Roll, establishing classifications for the apportionment of costs and the methods of assessing special assessments for the services and improvements to property in the Georgetown Village Public Improvement District No. 1 (GVPID), closing the hearing and levying assessments for the cost of certain services and improvements to be provided in the GVPID during 2020, fixing charges and liens against the property in the GVPID and against the owners thereof, and providing for the collection of the assessments -- Seth Gipson Management Analyst
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 August 27, 2019, the City Council held a public hearing and had the first reading of the ordinance 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.
The total estimated cost of the services and improvements to be provided for the GVPID 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 to be levied on all property within the GVPID.
Seth Gipson, Management Analyst