DEPARTMENT: Planning
DEPARTMENT HEAD: Bridgett White, AICP
COUNCIL DISTRICTS IMPACTED: ETJ near City Council District 4
SUBJECT:
The City of San Antonio's consent to the creation by Bexar County of the proposed Tres Laurels Public Improvement District and associated Development Agreement.
SUMMARY:
A public hearing and resolution recommending the City Council's consent to the creation by Bexar County of a proposed Public Improvement District to later be named the Tres Laurels Special Improvement District, generally located north of Highway 90 West and west of Grosenbacher Road in the extraterritorial jurisdiction (ETJ) of the City San Antonio; and associated Development Agreement between the City of San Antonio and Equitable Land Holdings, LLC, Hooda Enterprises, Inc, and SA Given to Fly, LLC.
BACKGROUND INFORMATION:
Texas Local Government Code Chapter 382 allows for the creation of Public Improvement Districts (PIDs), by a city or a county. PIDs are 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 hotel occupancy tax as sources of funding and costs are apportioned and paid by landowners within the district that benefit from public improvements and/or services.
In order to create a PID in a county, more than fifty percent (50%) of owners of taxable real property liable for assessment within the proposed District area, must submit a petition to the governing body of the county. The municipality has the ...
Click here for full text