Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Public Improvement Districts topic
No spam. Unsubscribe anytime.
Council maintains PID assessment rates and approves Highland Oaks PID to fund water infrastructure
Summary
City staff recommended no rate changes to existing Public Improvement Districts; council approved assessments for multiple PIDs and unanimously created the Highland Oaks PID to finance a bonded water‑infrastructure project that averages about $33,700 in assessments per property.
City staff presented a consolidated set of public‑improvement‑district (PID) assessment items to the Lubbock City Council on Aug. 26 and recommended keeping rates unchanged for the coming year.
Brianna Brown, city business development director, reviewed each district and the services covered by existing assessments. Staff recommended maintaining current assessment rates for multiple districts: Bell Farms (12¢ per $100 valuation), Quincy Park (14¢), Northwest Passage (15¢), Upland Crossing (15¢), Upland Crossing 2 (12¢), Upland Crossing 3 (18¢), North Overton (18¢), North Pointe (14¢), Willow Bend Villas (15¢) and Cypress Ranch (15¢). Brown noted one PID (Valencia) was omitted from today’s hearing because staff made a publication error; that public hearing will be rescheduled at the council’s first September meeting.
The council took separate public hearing and action on the Highland Oaks PID. Brown summarized the project as a bonded capital improvement to design and construct water infrastructure for the annexed Highland Oaks neighborhood. She gave a construction estimate of about $7,100,000 and a total bonded‑project cost (including issuance and interest) of approximately $8,500,000. Brown said each property owner would be assessed about $33,700, with owners able to pay off assessments immediately or participate in a 20‑year bond repayment schedule.
A Highland Oaks homeowner, Tim Goebel, spoke in favor of the PID and thanked staff for their work. The council voted to create the Highland Oaks PID and approved the resolution to proceed with assessment and bond planning, and earlier consolidated PID items were approved unanimously.
Brown explained the PID assessments are collected by the central appraisal district and returned to the city to manage public assets; she emphasized that funds generated by a PID cover 100% of the cost of assets maintained within that district. Council discussion included questions about varying assessment rates: North Overton’s rate is higher because it covers more green space, street and pedestrian lighting and commercial maintenance responsibilities than many other PIDs.
