Ord 2018-051/approving an amended and restated Ordinance of the City of San Marcos approving an update to the service and assessment plan for the Trace Public Improvement District

Home Browse Search

Assessed Property. The wastewater improvements will be constructed according to Citystandards. Sewer Lift Stations The sewer Lift Stationportion of the Public Improvements consists of construction and installationfor Lift Station Aof manholes, wet wells, piping, pumps, electrical control equipment and appurtenances necessary to collect wastewater on one side of a geographical highpoint and transporting it across that highpoint to Lift Station B, construction and installation for Lift Station B of manholes, wet wells, piping, pumps, electrical control equipment and appurtenances necessary to collect wastewater on one side of a geographical highpoint and transporting it across that highpoint to a City designated discharge point. All sewer Lift Stationimprovements will be constructed according to City standards. Landscaping–Arterial Roads, Open Space and Trails The landscape portion of the PublicImprovements consists of the installation of various landscape improvements along arterial roads. The improvements include: street tree plantings, enhanced landscaping on perimeters and medians, bio-swales in medians (where functionally possible), associated irrigation, street lighting, and hardscape improvements at key locations for wayfinding.The open space and trails system consist of selective clearing and removal of trees or other select (invasive) vegetative cover to enhance the quality and function of the natural drainage areas and open spaces. Other improvements shall include a variety of trails with either; concrete, decomposed granite or natural earth surfacing, throughout the open spaces to provide access to the natural features of the site. Landscaping will include native grasses, wildflowers, trees and shrubs, associated irrigation as required, lighting, fencing or walls if necessary and hardscape improvements. Public Safety Facilities The Public Improvements includean amount not to exceed$500,000, associated with the construction of a new Fire Station per the Fire Station Agreement entered into by the City and Highpointe Trace LLCon November 2, 2015, the fire station will be construted by the City. B.Description and Estimated Cost of Bond Issuance Costs Debt Service Reserve Fund Equals the amount required under an Indenture in connection with the issuance of PID Bonds. Capitalized Interest Equals the capitalized interest payments on PID Bonds as reflected in an applicable Indenture. Underwriting Discount Equals a percentage of the par amount of a series of PID Bonds plus a fee for 9