Council passes 2019/20 assessments for eight PIDs on first reading, 5-0

What the sources say

• ✓ Verified

  On September 17, 2019 the council passed Ordinances 7813-7820 on first reading, each 5-0 after a public hearing with no comments, each "levying an assessment on property within the [district] as authorized by Chapter 372 of the Texas Local Government Code" and adopting a 2019-2020 budget and five-year service plan. The advisory boards had met between May and August 2019 to review the proposed budgets. ^[1]

• ✓ Verified

  Recommended 2019/20 rates and assessment totals: Heritage Hills $0.08 per square foot ($319,940); Town Square $0.1111 per square foot ($166,164); Point West unchanged at $52,000 total; the Vineyards $50 per lot ($7,950); Quail Creek $350 per lot ($10,150); Tutbury $679 per lot ($16,296); the Colonies $0.10 per square foot ($1,054,399); and the Greenways $720 for type A lots, $600 for type B, $864 for type D and $1,800 per acre for commercial property ($643,344). ^[1]

  Heritage hills total

  $319,940

  Town square total

  $166,164

  Point west total

  $52,000

  Vineyards total

  $7,950

  Quail creek total

  $10,150

  Tutbury total

  $16,296

  Colonies total

  $1,054,399

  Greenways total

  $643,344

• ✓ Verified

  The Colonies PID budget projected $950,179 in maintenance, operation and debt service expenses for FY 2019/20. The minutes say the board recommended unanimously keeping the rate at $0.10 per square foot to cover operating costs "as well as an additional $470,292 annual debt service payment." ^[1]

  Colonies budget

  $950,179

  Colonies debt service

  $470,292

• ✓ Verified

  Section 372.013 requires an ongoing service plan of at least five years, prepared by the advisory body, that defines the annual indebtedness and projected costs of improvements; the council may approve it only by ordinance or order, and must review and update it annually to set the annual budget. Section 372.014 requires an assessment plan in the annual service plan. ^[2]