Form 3 of 4: Application for Creation of a Public Improvement District

Application for Creation of a Public Improvement District

Authorized Improvements, PID Analysis, and Financing (Form 3 of 4)

A. Authorized Improvements, PID Analysis,and Financing
1. Authorized Improvement(s) sought to be included in the proposed PID. Please upload “Attachment B: Proposed Authorized Improvements.”*

Authorized Improvement(s) as defined under §372.003 of the Texas Local Government Code.
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Link to Attachment B
2. Please upload a map of the proposed Authorized Improvements*

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Please upload a PID Analysis that includes:
- Estimated cost of the Authorized Improvement(s).
- Clarification of whether the estimated cost of Authorized Improvements include the costs of issuance and other financing costs.
- Petitioner’s preliminary plan for the anticipated financing of the construction of authorized improvements in the proposed PID, including:
- The maximum PID bond amount
- The estimated annual assessment revenue generated
- The estimated annual installments as an equivalent tax rate
- The estimated desired dates(s) for levying assessments and issuance of PID bonds and the estimated amount of each assessment and bond
- The proposed maturity of date for PID bonds
- The proposed timetable of the development; and
- Any other supporting information related to the success of the PID.
- A description of the apportionment of costs for the Authorized Improvements between the proposed PID and governmental entities.
- Details of the proposed method of assessment (specify any included or excluded classes of assessable property).
3.PID Analysis Upload *

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4. Please choose from one of the following:*

The Petitioner intends for the PID to be a reimbursement PID in which the Petitioner would pay for authorized improvements up front and be reimbursed from assessments collected over time.The Petitioner intends for the PID to be a bonded PID in which PID assessments would be levied contemporaneously with the issuance of PID bonds.
5. Will the cost of the Authorized Improvements be financed with financial participation from the County?*

YesNo
5a. Please provide more information, including whether there are any existing agreements in place regarding the County’s financial participation.*
6. Please upload documentation regarding any cost-sharing with a governmental entity for any improvements that will be partially funded by PID assessments or PID bonds.

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7. What amount of PID proceeds (including both assessment revenue and bond proceeds) will be used to pay for community benefits?*
8. Please upload evidence of committed sources of funding for the private improvements and any public improvements not being funded by the PID bond proceeds. *

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9. What is the estimated principal amount of the proposed bond issuance?*
10. Will the bond(s) be issued in a single series or multiple series?*
11. Please upload a contingency plan to address maintenance or disposition of PID Authorized Improvements or property that has not been dedicated to the public if the PID is dissolved.

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12. Please upload an Executed and Notarized Attachment G: Dissolution Petition. This NOTARIZED attachment G: Dissolution Petition must ALSO be HAND DELIVERED to the Planning & Budget Office (700 Lavaca, Suite 1500).

Please email PIDs@traviscountytx.gov to schedule a drop-off date and time.
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Link to Attachment G
By submitting this application, the Petitioner represents that all submitted information is accurate and complete, and the Petitioner acknowledges and agrees that the submitted information is subject to disclosure under the Texas Public Information Act, Texas Government Code Chapter 552.
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