DEPARTMENT: Planning
DEPARTMENT HEAD: Bridgett White, AICP
COUNCIL DISTRICTS IMPACTED: ETJ near City Council District 4
SUBJECT:
Approving two items related to the Tres Laurels Public Improvement District located in the extraterritorial jurisdiction of the City of San Antonio
SUMMARY:
A public hearing and consideration of the following two items related to the proposed Tres Laurels Special Improvement District: A) A Resolution granting the City of San Antonio's consent to the creation by Bexar County of a Public Improvement District to later be named the Tres Laurels Special Improvement District, and B) An Ordinance authorizing a 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 geographic area which will ultimately become the PID. 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 PID boundaries. PIDs 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 PID 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 PID area, must submit a petition to the governing body of the county. The municipality has the option to object to the formation of the PID within its ETJ pur...
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