AGENDA CAPTION:
Title
Consider approval of Resolution 2020-239R, approving an Assessment and Collection Agreement between the City and Hays County regarding the collection of assessments for the Whisper Public Improvement District located in the vicinity of IH-35 and Yarrington Road; authorizing the City Manager to execute the agreement on behalf of the City; and providing an effective date.
Body
Meeting date: November 4, 2020
Department: Melissa Neel - Assistant Director of Finance
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Fiscal Note:
Prior Council Action: October 2014 - Council approved term sheet, December 2015 - Term sheet amendment #1 extending date for submission of design plans to June 2016, September 2017 - Term sheet amendment #2 extending date for construction completion to September 2018 and increase of maximum annual assessment, January 2019 - Term sheet amendment #3 extending date for construction completion to May 2019 and create traffic impact analysis criteria, April 2020 - Term sheet amendment #4 referring all terms to the Amended and Restated Financing Agreement upon completion, May 2020 - Public hearing and PID assessments approved, issuance of PLOM Preliminary Limited Offering Memorandum was approved, June 2020 - levy of special assessments
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