R-2007-01 Lakes at Fairmont Greens/method of assessment and apportionmentof cost between district and the city as a whole

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NOTICE OF PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF LA PORTE TO CONSIDER THE ADVISABILITY OF THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT TO MAKE CERTAIN IMPROVEMENTS AND FUND CERTAIN SUPPLEMENTAL SERVICES OVER CERTAIN PROPERTY LOCATED WITHIN THE CORPORATE LIMITS OF THE CITY OF LA PORTE. In accordance with Chapter 372.005 Local Government Code the City Secretary has received a petition that requests the establishment of a public improvement district (PI D). The petition and a boundary map are on file and open for public inspection in the office of City Secretary. A Public Hearing on the advisability of the improvements will be held by the City Council as follows: TIME: Monday, January 22, 2007 at 6:00 p.m. PLACE: City Council Chambers, 604 West Fairmont Parkway, La Porte, Texas GENERAL NATURE OF THE IMPROVEMENTS AND SUPPLEMENTAL SERVICES: The improvements are the construction of public utilities (water, sewer & drainage), and related improvements within the PID. The estimated costs of the improvements, including financing, are $3,250,000 over the life of the PID. The supplemental services are the operation and maintenance of certain amenities and greenspace, recreational facilities, and other common facilities, The estimated costs of the supplemental services are $2,000,000 over the life of the PID. The proposed method of assessment is by value, per lot, or per square foot of benefited property. The proposed apportionment of cost is 100% to the PID and 0% to the municipality as a whole, BOUNDARIES: A boundary map is provided below: 0) NORTH STATE fllCflWAY 146 '" ... ~ rg "' ~ ~ ~ EXHIIIIT at hInacmt llnomo ...- -.... - z . - - - _f"._ :I: J: Written and oral objections will be considered at the hearing. City Secretary City of La Porte