Posting Language
Title
Approve an ordinance setting the assessment rate and approving a proposed 2024 assessment roll for the Austin Downtown Public Improvement District. Related to item #86.
De
Lead Department
Economic Development.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
April 15, 1993 -- Council authorized the creation of the Downtown Austin Public Improvement District (PID) in Resolution No. 930415-88.
October 23, 1997 - Council approved reauthorization of the PID in Resolution No. 971023-30.
October 24, 2002 - Council approved reauthorization of the PID in Resolution No. 021024-53.
October 18, 2007 - Council approved reauthorization of the PID in Resolution No. 20071018-082.
October 11, 2012 - Council approved reauthorization of the PID in Resolution No. 20121011-115.
May 5, 2022 - Council set a public hearing to consider a resolution to authorize the PID.
June 9, 2022 - Council approved Resolution No. 20220609-081, which authorized a new PID with expanded boundaries from the original PID. Council also authorized the negotiation and execution of a management agreement with Austin DMO, Inc. d/b/a Downtown Austin Alliance.
June 16, 2022 - Council approved?Ordinance No. 20220616-005,?which set the proposed 2023 assessment rate and property roll for the PID.
June 16, 2022 - Council set a public hearing to consider the PID 2023 proposed assessments.
July 28, 2022 - Council adopted the PID's Service and Assessment Plan and Budget for 2023 in Ordinance No. 20220728-009.
July 28, 2022 - Council set the PID calendar 2023 assessment rate and approved the calendar year 2023 assessment roll in Ordinance No. 20220728-112.
August 17, 2022 - Council approved the City of Austin Budget for Fiscal Year 2022-2023 in Ordinance No. 20220817-004, including the PID Fund.
February 23, 2023 - Council approved Ordinance 20230223-009, amending the Fiscal Year 2022-2023 Economic Development Department Operating Budget Spec...
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