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 2019 at $0.15 per $100 value of real property in the Downtown Public Improvement District and $0.09 per $100 value of residential condominiums; and approving the Fiscal Year 2019 Service and Assessment Plan for the Downtown Public Improvement District.
B) Authorizing the Negotiation and Execution of the Second Amended and Restated Contract for Improvements and/or Services in the San Antonio Public Improvement District with Centro Public Improvement District to Provide Specified Services and Develop Annual Service and Assessment Plans for the Downtown Public Improvement District for the Period Ending September 30, 2023.
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 value of commercial real property in the PID and $0.09 per $100 value of residential condominiums in the PID; and approving the 2019 Service and Assessment Plan (the Plan) for the PID.
Through a separate Ordinance, Authorizing the Negotiation and Execution of the Second Amended and Restated Contract for Improvements and/or Services in the San Antonio Public Improvement District with Centro Public Improvement District to Provide Specified Services and Develop Annual Service and Assessment Plans for the Downtown Public Improvement District for the Period Ending September 30, 2023. The second amended and restated contract will add language strengtheni...
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