To call a public hearing for August 12, 2024, to consider the levying of the proposed assessments on owners of real property and against that assessed property within the Downtown Plano Public Improvement District; approving the preliminary annual service and assessment plan update for 2024; directing that the proposed assessment roll be made available for public inspection; authorizing and directing for publication and mailing of notices for said public hearing; and establishing an effective date. Adopted Resolution No. 2024-7-1(R)

On February 27, 2023, the City Council of the City (the City Council) held a public hearing in the manner required by law and adopted the five-year Ordinance in conformity with the requirements of the PID Act by a majority of the members of the City Council the Downtown Public Improvement District. On August 16, 2023, the City Council approved the Downtown Public Improvement Service and Assessment Plan.

On June 20, 2024, the Downtown Public Improvement District Advisory Board approved the 2024 budget.  

This item is a call for public hearing on an ordinance which approves of the assessment roll and levy. Upon approval of the resolution setting the public hearing, a notice will be published in the newspaper and letters will be sent to all Downtown PID property owners to let them know about the public hearing. That notice is part of the resolution. The final Council item (August) is to conduct the public hearing and approve the ordinance which approves of the assessment roll and levy.

This item has no financial impact; however, the approval of the assessment roll and levy (in August) will obligate the City’s contribution.  The City’s contribution is a General Fund expenditure included in the approved 2024-25 Budget.

Approval of this Resolution supports the City's Strategic Plan Critical Success Factors of Residential and Commercial Economic Vitality and Excellent, Innovative, and Accountable City Government.