AGENDA CAPTION:
Title
Consider approval of Ordinance 2025-26, approving the 2025 Annual Service Plan Update for the Trace Public Improvement District; authorizing the City Manager, or her designee, to execute said document on behalf of the city; and declaring an effective date; and consider approval of Ordinance 2025-26 on the first of two readings.
Body
Meeting date: August 5, 2025
Department: Finance
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: In October 2015, City Council adopted Resolution 2015-145, creating the Trace Public Improvement District. City Council also adopted Resolution 2015-146 approving a Financing Agreement, Service and Assessment Plan and Reimbursement Agreement. In October 2016, City Council adopted Ordinance 2016-42(b) approving the first special assessment for the Trace Public Improvement District. In December 2023, City Council adopted Ordinance 2023-88, amending the Service and Assessment Plan for the second bond issuance, as well as the acquisition and reimbursement agreement. City Council has approved Service and Assessment Plan updates annually since 2019, most recent was in September 2024.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
Economic Vitality
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
Highpointe Communities has approximately...
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