Title
Conduct a public hearing to consider testimony regarding the proposed assessments to be levied against assessable property within the Iron Horse Public Improvement District, pursuant to the provisions of Chapter 372 of the Texas Local Government Code. The property is approximately 58.213 acres of land generally located north of Rodeo Drive, south of Scyene Road (also known as State Highway 352), east of Stadium Drive and west of Rodeo Center Boulevard, within the corporate limits of the City of Mesquite.
Body
On May 6, 2019, the City Council passed Resolution No. 36-2019 to accept a preliminary Service and Assessment Plan (SAP) for authorized improvements within the Iron Horse Public Improvement District (PID).
A public hearing is required by State law to receive any written or oral objections to the proposed assessments identified in the SAP. Notice of the public hearing to be held on June 3, 2019, was published in the Daily Commercial Record newspaper on Thursday, May 16, 2019, and notice was sent to property owners within the PID via certified mail on May 16, 2019.
Earlier in the day on June 3, 2019, the negotiated PID bond sale will take place and the SAP will be updated by the City’s PID Administrator to reflect actual bond maturities, principal and interest rates, and will be distributed to the City Council prior to the beginning of the Council meeting.
After the public hearing is closed, the City Council must hear and pass on any objection to any proposed assessment and may amend a proposed assessment on any parcel within the PID.
Recommended/Desired Action
Staff recommends that the City Council conduct the public hearing.
Attachment(s)
Service and Assessment Plan
Drafter
Ted Chinn
Head of Department
Ted Chinn