Title
Consider a resolution setting a date, time and place for a public hearing on levy of assessments for the La Frontera Redevelopment Public Improvement District (PID) and authorizing publication of notice of said hearing.
Body
The resolution sets a public hearing regarding the Levy of Assessments to be held before City Council on April 27, 2017 at 7:00 PM. This resolution additionally directs the City Clerk to provide proper notice of the hearing, including the publication of the resolution for the Levy of Assessments in full.
The creation of this District ensures proportional responsibility of the funding for offsite wastewater line upgrades. The City analyzed the downstream Lake Creek basin relative to the fully developed condition for wastewater. The proportional contribution of this development is based on the former Garden Ridge building to the increased demand of future retail and restaurant uses. The proportional total from the district shall not exceed one hundred ninety eighty thousand, four hundred dollars ($198,400.00) this money will be coupled with other funding sources to upsize several thousand feet of wastewater lines for 8' to 10', from 10' to 12', and from 10' to 15'.