City Council Meeting


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  G.1.       
Meeting Date: 03/03/2020  
Submitted For: M. Renee Johnson Contact: Alicia Thomas, Assistant City Secretary
Also Contact: Joe Gorfida
Phone: 214-965-9900  

COUNCIL ACTION
AGENDA ITEM:
Consider a Resolution accepting a petition and creation of the Danieldale Homestead public improvement district within the City of DeSoto pursuant to Chapter 372 Texas Local Government Code.
BACKGROUND:
Wildwood Development Company I, LTD., submitted the attached petition for the creation of a Public Improvement District (PID) in accordance with the City of DeSoto's PID policy and Chapter 372 of the Texas Local Government Code.  The purpose of establishing this PID is to fund public improvements that are necessary in developing the mixed use project known as the Danieldale Homestead Development, located in the City of DeSoto at or near the major intersections of Bolton Boone and Danieldale.  The proposed mixed use site plan is attached.
FINDINGS:
The developer met with City Council and City Staff on several occasions.  Furthermore, staff and the developer are in agreement that this action is necessary to comply with City Council's desire for more development and retail within the City of DeSoto.
FINANCIAL IMPACT:
While there is no anticipated adverse fiscal impact to the City, it is anticipated that both the private investment, coupled with the PID investment into public infrastructure, will lead to the creation of new tax revenue for the City, as well as improvement to the overall quality of life for DeSoto residents.
RECOMMENDATION:
In an effort to meet the goals and direction of the City Council to encourage economic development within the City of DeSoto, Staff recommends that Council approve a Resolution accepting a petition for public improvements and creation of the Danieldale Homestead Public Improvement District within the City of DeSoto pursuant to Chapter 372 Texas Local Government Code.
MANAGEMENT REVIEW
Attachments
Wildwood PID Resolution


    

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