The “Service and Improvement and Assessment Plan 2008-2018” (Service Plan), lays out the mission and goals of the District, nature of the services, improvements to be provided, proposed assessment for such services, basis of assessments charged, and estimated cost of such services during the life of the plan.
Introduction and Background
The District was created in 2001 by the 77th Texas Legislature pursuant to House Bill 3692 (the “Special Act”). The City of Houston (“City”) gave its formal consent to the creation of the District, the nature of the services and improvements to be provided by the District, the proposed assessment for such services for the life of this plan, through 2018 (the “Service Plan”). The District began providing District-wide services to the area described in Exhibit “B” attached hereto in 2004 pursuant to the Service Plan originally adopted by the District on April 26, 2004, pursuant to petitions of the requisite number of commercial property owners subject to assessment in the entire District petitioning for the services and improvements carried forth and described in the original Service Plan and levied an 11.5 cent annual assessment on all commercial property owners in the District to pay for such services and improvements (the “Original Service Plan”). The commercial property owners in the portion of the district described in Exhibit “A” attached hereto (“Western District”) were not assessed for tax years 2006-2007, and the Western District did not receive services or improvements in those years. It is anticipated that the District will begin to provide services and improvements described in this Service Plan. The District may at any time prior to the expiration of the Original Service Plan, at its option, pursuant to this Service Plan, terminate the Original Service Plan, and begin to provide the service and improvements under this Service Plan on or about January 1, 2008, or as soon as the District has taken all steps necessary to levy assessments and to implement this Service Plan.
Download a copy of the Updated and Ongoing Service and Improvement and Assessment Plan Through-2018 here.