AGENDA CAPTION:
Title
Consider approval of Ordinance 2024-38, on the first of two readings, approving the 2024 Annual Service Plan Update for the Trace Public Improvement District; authorizing the City Manager, or designee, to execute said document on behalf of the city; and declaring an effective date.
Body
Meeting date: August 20, 2024
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.
* City Council has approved Service and Assessment Plan updates annually since 2019, most recent was in October 2023.
* 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 Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
Economic Vitality
Choose an item.
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Fiscally Responsible Incentives for Economic Development
? 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)]
Choose an item.
Background Information:
Highpointe Communities has approxima...
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