AGENDA CAPTION:
Title
Consider the appointment of up to three City Council members to a committee to discuss and make a recommendation to the City Council regarding developer requested amendments to the terms of the River Bridge Ranch Public Improvement District.
Body
Meeting date: November 6, 2024
Department: Planning and Development Services, Finance, Legal
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: City Council approved a Settlement Agreement for this development on October 29, 2020.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Quality of Life & Sense of Place
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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:
A public improvement district (PID) is an economic tool available through Chapter 372 of the Local Government Code. PIDs fund public improvements (i.e., water, wastewater, streets, etc.) that benefit the area within the boundaries of the district. Landowners within the PID pay for the public improvements through assessments, rather than the general tax base paying for the improvements.
On October 8, 2020, the Mayan at San Marcos River, LLC submitted a petition requesting the establishment of a PID to be known as the River Bridge Ranch PID. The formation of the PID was part of an annexation settlement agreement between the Mayan at San Marcos River, LLC, the City of Martindale, and the City of S...
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