DEPARTMENT: Planning
DEPARTMENT HEAD: Bridgett White, AICP
COUNCIL DISTRICTS IMPACTED: City Council District 2
SUBJECT:
A Resolution granting the City's consent to the creation by Bexar County of a Public Improvement District (PID) to be named the Clearwater Creek Special Improvement District; and an Ordinance authorizing a 30-year Development Agreement between the City of San Antonio and Fair Oaks Mosaic TBY, LLC, SA Kosta Browne, Ltd., and SA Love and Trust, LLC.
SUMMARY:
A public hearing and consideration of the following items related to the Clearwater Creek Special Improvement District; and associated Development Agreement:
A) A Resolution granting the City of San Antonio's consent to the creation by Bexar County of a Public Improvement District (PID) to be named the Clearwater Creek Special Improvement District (Clearwater Creek PID) , generally located southwest of the intersection of Beyer Path and FM 2538 in the extraterritorial jurisdiction (ETJ) of the City San Antonio.
B) An Ordinance authorizing a 30-year Development Agreement between the City of San Antonio and the land owners consisting of Fair Oaks Mosaic TBY, LLC, SA Kosta Browne, Ltd. and the developer, SA Love and Trust, LLC.
BACKGROUND INFORMATION:
Texas Local Government Code Chapters 382 allows for the creation of Public Improvement Districts (PIDs) by a county. PIDs are considered to be economic development tools used to pay or finance public improvements and economic development within (and that benefit) a defined geographical area which will ultimately become the district. The general nature of the proposed public work may include, but is not limited to, the improvement and construction of roads, thoroughfares, collectors, arterial roads, utilities, water, waste water, sanitary sewer, drainage, trails, park and recreational facilities; which are located within the district boundaries. These districts may levy an assessment and impose an ad valorem tax, sales and use tax or ...
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