Pubic Improvement District (PID) Policy Powerpoint

1. COMMUNITY DEVELOPMENT
Presented by:
Nina Shealey
Director
PUBLIC IMPROVEMENT
DISTRICT POLICY
ITEM # 4
MARCH 22, 2021

2. BACKGROUND
November 2020
 Voter approved $13.25m bond project
 Broadway complete street redevelopment – TxDOT,
MPO & SARA
 Road diet
 Wider Sidewalks
 Dedicated Bike lanes
 Low Impact Development

3. STREETSCAPE IMPROVEMENTS
Enhance Broadway following redevelopment
 Desire of property owners along Broadway
Create “Sense of Place”
 Lush landscaping
 Street furniture
 Pedestrian lighting
Currently unfunded

4. PUBLIC IMPROVEMENT DISTRICTS (PIDS)
Economic Development Tool – TLGC Chapter 372
 Fund special public improvement projects
 Promote interests of community
 Defined area
 Captures funding through special assessment
 Properties directly benefiting from improvements
 Properties outside the PID not impacted

5. PID POLICY
Economic Development Tool – TLGC Chapter 372
 Fund special public improvement projects
 Promote interests of community
 Captures funding through special assessment
 Properties directly benefiting from improvements
 Properties outside the PID not impacted

6. AUTHORIZED PID IMPROVEMENTS*
Operation & Maintenance
 Landscaping
 Fountains, distinctive lighting and signs
 Pedestrian malls
 Instillation of art
 Off street parking
 Water, wastewater or drainage
 Expenses of establishment, administration and operation of PID
*not a complete list

7. PID CREATION
Property Owner Petition
 Owners of at least 50% of the value AND
 Owners of at least 50% of land area OR 50% of all recorded owners
 PID Boundary
 Proposed Improvements & estimated costs
 Feasibility Report
 Proposed assessment
 Public Hearing
 City Council Resolution

8. PID POLICY
Petition Requirements
Qualified projects/cost
Financing criteria
Property owner disclosures
Annual plans, budgets and assessments
Priority public improvements – beautification over
capital

9. COORDINATION
 City Attorney
 No conflict with Chapter 372
 Consistent with goals of City’s Comprehensive Plan

10. FISCAL IMPACT
 No impact on City
 PIDs must be self-sufficient
 City cannot incur cost from formation, administration or
construction