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    8.    
City Council Regular
Meeting Date: 02/07/2018  
Subject:    Consider Adoption of Ordinance 2205 Pleasure Creek District Dissolution
From: Sharon Legg, Finance Director

INTRODUCTION
A special taxing district was established in 1980 and was used to generate taxes to partially fund drainage improvements for City Project 79-25, Pleasure Creek Improvements and Erosion Protection.  There is no longer a need for this special taxing district and it could be dissolved.  A public hearing was held and an ordinance introduced.
DISCUSSION
The Pleasure Creek Drainage district was created to fund storm drainage improvements in that drainage basin.  Parcels included in the district contributed a special tax to help pay bonds issued to fund the project.  The bonds have been paid and area wide improvements are not anticipated in the nearer term.  Creating and dissolving special taxing districts consist of essentially the same procedures which include identifying the parcels involved, holding a public hearing and then adopting an ordinance creating the district.  Once the district was created, the County assigned a new taxing district number to each parcel within the district.  The public hearing was held on January 16, 2018.

At this time, staff is recommending that the district be dissolved since taxes have not been collected in many years. Though it is inactive, it does inhibit adjoining parcels to be combined, which would be helpful in certain cases. 

 
RECOMMENDATION
1.  Adopt Ordinance 2205; and
2.  Authorize Summary Publication.

Attachments
Ord.2205
Summary Ordinance

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