Public Notices (2) in The Community News: Public Hearings 14 January 2025 Council Meeting, 6P. • Public Hearing for Beall Development Tax Increment Reinvestment Zone, TIRZ • Public Hearing for Beall Development Public Improvement District, PID, est. cost $75M.
• Latest Update: posted 03 Janary 2025
Willow Park Public Notices for week ending Friday, 03 January 2025
[Details at Beall Development Index, Willow Park Civics Blog, posted 20 September 2024.]
The 03 January 2025 The Community News published two (2) Public Notices for the City of Willow Park, both for the Beall Development.
[1] PUBLIC HEARING NOTICE NOTICE OF PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF WILLOW PARK, TEXAS TO CONSIDER THE ADVISABILITY OF THE CREATION OF TAX INCREMENT REINVESTMENT ZONE NUMBER TWO, CITY OF WILLOW PARK, TEXAS FOR TAX INCREMENT FINANCING PURPOSES PURSUANT TO CHAPTER 311, TEXAS TAX CODE
NOTICE IS HEREBY GIVEN THAT the City Council of the City of Willow Park, Texas (the "City"), pursuant to Chapter 311.003 Texas Tax Code, as amended, (the "Act"), will hold a public hearing at 6:00 p.m. on Tuesday, January 14, 2025, in the City Council Chambers, City Hall, 120 El Chico Trail, Suite A, Willow Park, Texas 76087 for the purpose of considering the creation of the Tax Increment Reinvestment Zone Number Two, City of Willow Park, Texas, located within the extraterritorial limits of the City.
All persons are invited to attend the hearing and speak for or against the creation of Tax Increment Reinvestment Zone Number Two, City of Willow Park, Texas, the proposed boundaries, or the concept of tax increment financing. Written or oral statements will be considered. The proposed boundaries include approximately 293.45 acres located in the corporate limits of the City, located south of IH 20, west of FM 1187, and north of E Bankhead Highway. A more detailed legal description and boundary map of the proposed Tax Increment Reinvestment Zone Number Two, City of Willow Park, Texas, are on file and open for public inspection in the office of the City Secretary. Questions or requests for additional information may be directed to Bryan Grimes, City of Willow Park City Administrator.
[2] CITY OF WILLOW PARK, TEXAS NOTICE OF PUBLIC HEARING REGARDING THE CREATION OF
Pursuant to Section 372.009(c) and (d) of the Texas Local Government Code, as amended (the “Act”), notice is hereby given that the City Council of the City of Willow Park, Texas (“City”), will hold a public hearing to accept public comments and discuss the petition (the “Petition”) filed by the person identified in the Petition (the “Petitioner”), requesting that the City create a public improvement district within the extraterritorial jurisdiction of the City to be referred to as the Beall-Dean Ranch Public Improvement District (the “District”).
Date, Time, and Place of the Hearing. The public hearing will start at or after 6:00 p.m., January 14, at Willow Park City Hall, 120 El Chico Trail, Suite A, Willow Park, Texas 76087
Pursuant to Section 372.009(c) and (d) of the Texas Local Government Code, as amended (the “Act”), notice is hereby given that the City Council of the City of Willow Park, Texas (“City”), will hold a public hearing to accept public comments and discuss the petition (the “Petition”) filed by the person identified in the Petition (the “Petitioner”), requesting that the City create a public improvement district within the extraterritorial jurisdiction of the City to be referred to as the Beall-Dean Ranch Public Improvement District (the “District”).
Date, Time, and Place of the Hearing. The public hearing will start at or after 6:00 p.m., January 14, at Willow Park City Hall, 120 El Chico Trail, Suite A, Willow Park, Texas 76087.
General Nature of the Proposed Authorized Improvements.
The general nature of the proposed public improvements to be provided by the District that are necessary for the development of the Property within the District and which shall promote the interests of the City and confer a special benefit upon the Property may include:
(i) acquisition, construction, and improvement of street, roadway and sidewalk improvements, including related drainage, utility relocation, signalization, landscaping, lighting, signage, off-street parking and right-of-way;
(ii) acquisition, construction, and improvement of water, wastewater, and drainage improvements and facilities;
(iii) establishment and improvement of parks, trails and recreational facilities improvements;
(iv) projects similar to those listed above authorized by the Act, including similar off-site projects that provide a benefit to the Property within the District;
(v) acquisition of real property or interests in real property in connection with each Authorized Improvement;
(vi) payment of costs, including, without limitation, design, engineering, permitting, legal, required payment, performance and maintenance bonds, bidding, support, construction, construction management, administrative and inspection costs, associated with developing and financing the public improvements listed in (i) through (v) above;
(vii) payment of costs associated with special supplemental services for improvement and promotion of the District as approved by the City including services related to advertising, promotion, health and sanitation, water and wastewater, public safety, security, business recruitment, development, recreation, and cultural enhancement related to the public improvements listed in (i) through (v) above;
(viii) payment of costs of establishing, administering, and operating the District, as well as the interest, costs of issuance, reserve funds, or credit enhancement of bonds issued for the purposes described in (i) through
(viii) above (collectively, the “Authorized Improvements”). The Authorized Improvements shall promote the interest of the City and confer a special benefit upon the property within the District.
Estimated Cost of the Authorized Improvements.
The current estimated total cost of the proposed Authorized Improvements is $75,000,000.
Proposed District Boundaries.
The District is proposed to include property owned by the Petitioner consisting of approximately 317.732 acres of property generally located south of Interstate Highway I-20, west of F. M. 1187, and north of E. Bankhead Highway, and within the extraterritorial jurisdiction of the City, as more particularly described by a metes and bounds description available at the Willow Park City Hall
Proposed Method of Assessment.
The City shall levy assessments on each parcel within the District in a manner that results in imposing equal shares of the costs on property similarly benefited. Each assessment may be paid in part or in full at any time (including interest), and certain assessments may be paid in annual installments (including interest). If the City allows an assessment to be paid in installments, then the installments must be paid in amounts necessary to meet annual costs for those Authorized Improvements financed by the assessment and must continue for a period necessary to retire the indebtedness on those Authorized Improvements (including interest).
Proposed Apportionment of Cost between the District and the City.
The City will not be obligated to provide any funding to finance the Authorized Improvements, other than from assessments levied in the District. No City property in the District shall be assessed. The Petitioner may fund certain improvements from other funds available to the Petitioner.
Objections
During the public hearing, any interested person may speak for or against the establishment of the District and the advisability of the improvements to be made for the benefit of the property within the District. Written and oral objections will be considered at the hearing.
Comments