Presenter/Contact
Presenter
Jared Werner, Chief Financial Officer
Contact Info
(830) 221-4385 - jwerner@nbtexas.org
Subject Header
SUBJECT:
Title
Approval of a resolution of the City of New Braunfels, Texas, setting the public hearing on amending the Solms Landing Public Improvement District within the corporate boundaries of the City of New Braunfels, Texas, pursuant to chapter 372 of the Texas Local Government Code; authorizing the mailing and publication of notice of the public hearing in accordance with chapter 372 of the Texas Local Government Code.
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BACKGROUND / RATIONALE:
The City is authorized under Chapter 372 of the Texas Local Government Code (the "Act"), to create a public improvement district within its extraterritorial jurisdiction and its corporate limits.
On August 9, 2018, Solms Landing Development, LLC, a Texas limited company and The Jerome W. Timmermann Family Trust, filed with the City Secretary a petition requesting the establishment of a public improvement district for property within the corporate limits of the City.
On February 26, 2021, the Original Petitioner and Chupik Properties & Design, Inc, a Texas corporation filed with the City Secretary an amended and restated petition. amending, restating, and replacing in full the Original Petition for the sole purpose of increasing the cost of improvements in the District. When an update on the development was provided to City Council back in November, boundary modifications as well as additional costs were considered to be part of an amendment; however, the boundaries of the district, are in fact going to remain as they are currently at approximately 97 acres.
The resolution included with this item calls for a public hearing to be held on April 12, 2021. In addition, the resolution authorizes the mailing and publication of notice of the public hearing.
ADDRESSES A NEED/ISSUE IN A CITY PLAN OR COUNCIL PRIORITY:
FISCAL IMPACT:
N/A
Recommendation
COMMITTEE RECOMMENDATION:
N/A
STAFF RECOMMENDATION:
Approval of the resolution