Res 2004-189 - Laserfiche WebLink

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I 1.3.1 Prepare an application to the City for the creation of a Redevelopment Authority (the "Authority") . 1.3.2 Prepare a resolution for the TIRZ Board to adopt related to the creation of the Authority pursuant to Chapter 43 I ofthe Texas Transportation Code, and 396 of the Texas Local Government Code 1.3.3 Prepare draft Articles of IncorporatIon and Bylaws for the AuthorIty for review by the City staff and the TIRZ Board, and file all reqUIred documents for the creatIon of the Authonty With both the City and the Texas Secretary of State. 1.3.4 Attend an organizational meeting of the governl11g body of the Authority, and provide orientation to the governing body on the TIRZ, the Final Project Plan and Final Financing Plan, and the nature and purposes of the Authority. 1.3.5 Prepare a tri-party agreement between the City, the TIRZ, and the Authority, and submit the agreement to the City for review and approval. The agreement will set forth the terms under which the AuthOrity will act on behalf of both the City and the TlRZ to Implement the Fl11al Project Plan and the Final Financing Plan. 1.3.6 Upon receipt of the City's approval, present the tri-party agreement to the Authority's Board, clarify any issues related to the agreement and the role of the Authority vis-a-vis the TIRZ, and secure Authority Board approval of the agreement. 1.3.7 Submit the tri-party agreement to the City's Legal Department for presentation to the City Council. Work with the City to secure City Council approval of the agreement. I 1.4 Public Improvement District Creation Note: The City's engagement of the Consultant for these serVices, and the compensation to be paid to the Consultant, will be determined by the partIes 111 an amendment to thiS Agreement. ThiS deSCription of services may be modified 111 that amendment The Consultant will: 1.4.1 Prepare a petition to be signed by property owners of record requesting the creation of a Public Improvement District ("PID"). 1.4.2 Prepare a proposal document in accordance with Chapter 372 of the Local Government Code which includes the general nature of the proposed improvements, the estimated cost of the improvements, the boundanes of the proposed assessment district, the proposed method of assessment, the proposed apportionment of cost between the PID and the City, and whether the management of the distnct IS to be by the City, pnvate sector, or a partnership between the two. 1.4.3 1.4.4 I 1.4.5 1 4.6 Prepare a public notice for the purpose of conductll1g a public hearing to create a PID, Prepare a PID Service and Assessment Plan and a proposed and final Assessment Role. Prepare appropriate documents to create a development authority. Prepare Development Agreement for review by the City's Attorney 4