Posting Language
Title
Conduct a public hearing and approve a resolution re-authorizing the East Sixth Street Public Improvement District.
De
Lead Department
Economic Development.
Fiscal Note
There is no fiscal impact.
Prior Council Action:
August 7, 2014 - Council approved Resolution No. 20140807-174, authorizing the East Sixth Street Public Improvement District (PID).
August 8, 2019 - Council approved Resolution No. 20190808-094, reauthorizing the PID.
June 1, 2023 -Council approved Ordinance No. 20230601-008, setting the assessment rate and approving the proposed 2024 assessment roll for the PID.
August 31, 2023 -Council approved Resolution No. 20230831-014, adopting the PID Service and Assessment Plan and Budget update for 2024.
For More Information:
Sylnovia Holt-Rabb, Acting Director, Economic Development Department, 512-974-3131; Donald Jackson, Economic Development Department, 512-974-2214.
Additional Backup Information:
This resolution reauthorizes the PID for a period of five years. Petitions signed by property owners requesting authorization have been submitted to and certified by the City Clerk's Office.
Council originally approved the creation of the PID and set the initial assessment rate on August 26, 2004. Council also authorized a contract with the Pecan Street Owners (now 6ixth Street Austin) to manage the PID. Council has approved subsequent budgets, service plans, and assessment rolls for the PID. Council reauthorized the in 2014 and again on August 8, 2019. The resolution reauthorizing the PID, which was effective August 8, 2019, provided that it would dissolve five years after creation unless reauthorized through the petition process set out in the PID Assessment Act, Chapter 372, Local Government Code.
Since the PID was reauthorized in August 2019, 6ixth Street Austin has provided enhanced services, including public order and safety, communications and membership, physical improvements, marketing, public relations, and ...
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