Public Hearing and consideration of a Resolution to authorize the establishment of the Haggard Farm Public Improvement District within the City of Plano, Texas, in accordance with Chapter 372 of the Texas Local Government Code, and authorizing and directing the filing of this Resolution; providing for related matters and providing an effective date. Conducted and adopted Resolution No. 2023-1-7(R)

On December 12, 2022, the City Council adopted a resolution calling a public hearing to establish the Haggard Farm Public Improvement District.  Following adoption of the resolution to call a public hearing, notice of the public hearing was published in The Dallas Morning News on December 22, 2022 and mailed to each property owner via US Post (certified return receipt service). Both notices met the required 15-day notice period as required by Chapter 372 of the Texas Local Government Code. 

The Haggard Farm Public Improvement District covers the eastern portion of the existing farm as shown on the map found in Exhibit A in the attached resolution. 

As with the Collin Creek Redevelopment Project, the purpose of the PID will be to finance public infrastructure (via bond sales or other related financial instruments) that historically would be the responsibility of the developer. 

Any method of financing will be repaid using proportional levies on the private property within the PID.  Until the properties are sold to other entities, the current property owner is responsible for the entire yearly levy – starting in year one.  It should be noted that while the City will be sponsoring the bond sales, the City is not responsible for the bonds repayment or performance. Similarly, other financial instruments that require payment via levy will not require the City to pledge either its credit or any funds.  

This resolution does not give approval to any levy or bond sale.  Those are actions for another Council meeting.

The costs associated with the proposed Haggard Farm Public Improvement District are discussed in the resolution.  The City will not incur any costs associated with the Authorized Improvements or supplemental services using any City funds.  All PID related City costs will be funded by assessments levied on property within the pubic improvement district. 

Establishing a public improvement district at the site relates to the City's Strategic Plan Critical Success Factors of Residential and Commercial Economic Vitality and Excellent, Innovative and Accountable City Government.