DEPARTMENT: Center City Development & Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
Consideration of the following ordinances related to the Downtown Public Improvement District:
A) Public hearing and consideration of an Ordinance approving the levy of a Special Assessment for the Downtown Public Improvement District; levying an assessment rate for Fiscal Year 2018 at $0.15 per $100.00 value of real property in the Downtown Public Improvement District and $0.09 per $100.00 value of residential condominiums; and approving the Fiscal Year 2018 Service and Assessment Plan for the Downtown Public Improvement District.
B) An Ordinance approving the First Amendment to the Contract for Improvements and/or Services in the San Antonio Public Improvement District in the Downtown Area with Centro Public Improvement District.
SUMMARY:
This public hearing is called to consider public comment in conjunction with City Council consideration of an Ordinance approving the levy of a special assessment to fund supplemental services for the Downtown Public Improvement District (PID); maintaining an assessment rate at $0.15 per $100.00 value of commercial real property in the PID and $0.09 per $100.00 value of residential condominiums in the PID; and approving the 2018 Service and Assessment Plan (the Plan) for the PID.
Through a separate Ordinance, an amendment to the Contract for Improvements and/or Services in the San Antonio Public Improvement District in the Downtown Area with Centro Public Improvement District (Centro PID) will be considered that provides changes to the reporting process.
BACKGROUND INFORMATION:
A public improvement district is a mechanism authorized by Chapter 372 of the Local Government Code, known as the Public Improvement District Assessment Act (the Act), that permits the City to levy an additional assessment on property owners within specified boundaries that may be used for capital improvements or servic...
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