AGENDA CAPTION:
Title
Receive a Staff presentation and hold a Public Hearing to receive comments for or against Resolution 2021-87R and Resolution 2021-91R, making finds as to the advisability of the improvements proposed in the Whisper South Public Improvement District; creating the Whisper South Public Improvement District in accordance with Chapter 372 of the Texas Local Government Code; and consider approval of Resolution 2021-87R and Resolution 2021-91R.
Body
Meeting date: May 4, 2021
Department: Planning & Development Services
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: Click or tap here to enter text.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Choose an item.
Choose an item.
Choose an item.
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 - Direct Growth, Compatible with Surrounding Uses
? Neighborhoods & Housing - Diversified housing options to serve citizens with varying needs and interests
? Parks, Public Spaces & Facilities - Collection of connected and easily navigated parks and public spaces
? Transportation - Safe, Well coordinated transportation system implemented in an environmentally sensitive manner
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Choose an item.
Background Information:
December 15, 2020 - City Council appointed a committee to negotiate the terms of a Public Improvement District (PID) for the Whisper South Development.
January & March, 2021 - The Council Committee met with staff and the developer to negotiate the terms presented in the attached term sheet.
In summary, the PID term sheet:
* Authorizes funding for public improvements...
Click here for full text