The City authorized the District, effective on February 3, 2021, by a majority vote of all members of its City Council adopting a resolution (Resolution No. 012621-M) in accordance with the City Council's findings as to the advisability of the planned services and improvements, pursuant to Section 372.010 of the Texas Public Improvement District Act (the "PID Act") (Tex. Local Gov't Code Secs. 372.00l to 372.026). The City has in the past, and may in the future, over time and from time to time, altered the boundaries of the District.
The City adopted assessment plans apportioning the cost of the planned services and improvements among the parcels of real property in the District and prepared a proposed assessment roll stating the amount of the assessment due from each such parcel (the "Assessments") pursuant to Sec. 372.016 of the PID Act. The City published and mailed the required notices and held a public hearing, heard and passed on all objections to a proposed Assessment, and by ordinance levied the Assessments against such parcels as a special assessment on the property in accordance with Sec. 372.017 of the PID Act, providing in the ordinance that the Assessments may be paid in annual installments.
The City and the County find that it is in the mutual interest of the citizens of the City and the County for the City to contract with the County to perform the duties related to the billing and collection of the of the Assessments, as authorized by Sec. 372.0175 of the PID Act and pursuant to the Intergovernmental Cooperation Act (Tex. Gov. Code, Chapter 791).
Per the Service and Assessment Plan (SAP), collection of the Annual Installments for a Parcel are deferred until the Trigger Date has been reached for each respective Parcel. If the Trigger Date occurs on or before July 31st of a given year, then Assessments levied on the Parcel, including the Annual Installments thereof, will be delinquent if not paid on or before the January 31st of the following year. If the Trigger Date occurs after July 31st of a given year, then Assessments levied on the Parcel, including the Annual Installments thereof, will be delinquent if not paid on or before the January 31st following the Trigger Date. Collection of the Annual Installments will in no case occur later than the two-year anniversary date of the levy of Assessments on the Parcel.
Exhibit H in the attached Service and Assessment Plan illustrates the maximum assessment per lot type and an overall maximum assessment, which is not to exceed $7,725,000.00
This formalized agreement authorizes the County exclusively, acting through the Williamson County Tax Assessor-Collector, to bill and collect the annual installments of the Assessments related to the Parks at Westhaven Public Improvement District which are recommended for approval, annually, through the Service Plan and Assessment Plan (SAP) approved through City Council through ordinance.