Resolution No. 2022-6-9(R):To approve the 2022 Annual Update to the Service and Assessment Plan and Assessment Roll for Public Improvements for the Collin Creek East Public Improvement District in accordance with Chapter 372, Texas Local Government Code, as amended; making various findings and provisions related to the subject; providing for severability; and providing for an effective date. Adopted

As part of the financing plan for the Collin Creek Mall Redevelopment, City Council approved two public improvement districts to fund infrastructure on the 99-acre property.  Public improvement districts require service and assessment plans.  For the Collin Creek East Public Improvement District, City Council approved a resolution that accepted a preliminary service and assessment plan on May 24, 2021.  That was followed on August 23, 2021 by Council approving and accepting the service and assessment plan, in conformity with the requirement of the PID Act.

This item is for approval of the 2022 Collin Creek East PID Service and Assessment Plan update and has no immediate financial impact.

Approval of this item supports the City's Strategic Plan Critical Success Factor of Residential and Commercial Economic Vitality.