R-2006-15 authorizing publication of resolution/providing for preparation of service and assessment plan

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PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT THE STATE OF TEXAS COUNTY OF HARRIS TO: THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS: The undersigned petitioner (the "Petitioner"), acting pursuant to the provisions of Chapter 372, Texas Local Government Code, together with all amendments and additions thereto, petition this Honorable City Council to create a public improvement district ("Districf') in the territory described by metes and bounds in Exhibit A and map reference in Exhibit B attached hereto (the "Land") within the City of La Porte, Texas (the "City"), and in support of this petition the Petitioner would present the following: Section 1. Standing of Petitioner. In compliance with the requirements of Texas Local Government Code, '372.005(b), as determined by the current roll of the Harris Central Appraisal District, the Petitioner constitutes the owner of (i) more than 50 percent of the appraised value of real property liable for assessment under the proposal described herein; and (ii) taxable property that constitutes more than 50 percent of the area of all taxable real property that is liable for assessment under such proposal. Section 2. General nature of the proposed public improvements and supplemental services. The proposed public improvements include the construction of water, wastewater and drainage facilities, stonil water pollution prevention facilities, engineering services, financing and interest costs, and administrative and legal services for the proposed District. The Supplemental Services consist of special services that will cpnfer benefit on all property in the District. These services include maintenance of the sound barrier structures, parks, detention, and other common faqilities and the necessary administrative, legal, and engineering costs associated with the maintenance of these structures and facilities. Section 3. Estimated cost of the proposed public improvements: $3,750,000.00. Section 4. Estimated cost of the proposed supplemental services: $3,250,000.00. Section 4. B"oundaries. The proposed boundaries are described in Exhibits A and B. Section 5. Method of assessment. The proposed method of assessment shall be based upon (i) an equal apportionment per square foot of property benefiting from the public improvements, as determined by the City Council, (ii)an equal apportionment on a per lot basis benefiting from the public improvements, as determined by the City Council, (iii) the ad valorem taxable value of the property benefiting from the improvements, or (iv) any combination thereof.