AGENDA CAPTION:
Title
Consider approval of Resolution 2021-233R, determining costs of the proposed public improvements in the Whisper South Public Improvement District, approving a proposed assessment roll, and making related findings and determinations, in accordance with Chapter 372 of the Texas Local Government Code.
Body
Meeting date: November 16, 2021
Department: Finance, Marie Kalka, Finance Director
Amount & Source of Funding
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Fiscal Note:
Prior Council Action: May 4, 2021 Council meeting approved creation of Whisper South PID
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Background Information:
At the City Council May 4, 2021 meeting a public hearing to consider comments for and against the creation of the Whisper South Public Improvement District was conducted. After closing the public hearing, Resolution 2021-87R and 2021-91R were approved authorizing the creation of the Whisper South Public Improvement District.
This resolution is the first step in the financial approval process up to the sale of the bonds for the project. This resolution includes the proposed assessment roll and preliminary Service and Assessment Plan (SAP) and approves the cost determinations for the proposed authorized improvements in the District as set forth in the SAP and the proposed assessment roll. Jon Snyder from P3Works and Bart Fowler our Bond Counsel from McCall, Parkhurst & Horton will be available to briefly discuss and answer any questions Council may have at the Council meeting.
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