City Council Meeting


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  G.3.       
Meeting Date: 09/21/2021  
Contact: Isom Cameron, Deputy City Manager

COUNCIL ACTION
Motion by Mayor Pro Tem Byrd with a second by Councilmember Chism to approve as presented. Motion passes 7-0.
AGENDA ITEM:
Conduct a Public Hearing and consider an Ordinance adopting the 2021 Assessment Rate for the Candle Meadow Public Improvement District, the Five-Year Plan and FY 2021-2022 Budget, and levy a Special Assessment
BACKGROUND:
The Public Improvement Assessment Act requires the City Council to hold a Public Hearing on the proposed budget of the Candle Meadow Public Improvement District (CMPID) and adopt the budget by a favorable majority of all members of the City Council.
FINDINGS:
The Board of the Candle Meadow Homeowner's Association (HOA) has submitted its 5-Year Plan for FY 2022 to 2026. The proposed FY 2021-2022 budget should be adopted along with the proposed 2021 assessment rate, which will give the CMPID the funding needed to meet the adopted budget of $386,079. An assessment rate of 28.09 cents is estimated to be adequate based on the average collection rate for the CMPID. All mailings, notices, and publications have been completed in accordance with the applicable laws.
FINANCIAL IMPACT:
There is no financial impact to the City of DeSoto. The levy collected by this assessment fee will only impact the property owners of the Candle Meadow Public Improvement District.
RECOMMENDATION:
Staff recommends that the City Council approve an Ordinance adopting the 2021 Assessment Rate for the Candle Meadow Public Improvement District, the Five-Year Plan and FY 2022-2022 Budget, and levy a Special Assessment for 2021.
MANAGEMENT REVIEW
Attachments
2021 Assessment Rate
2022 Assessment Plan
2022 Service Plan
PID Map
Ordinance


    

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