Page 342 - Watauga FY22-23 Budget

CITY OF WATAUGA, TEXAS
PARK VISTA PUBLIC IMPROVEMENT DISTRICT
FY 2022- 2023 ANNUAL SERVICE PLAN UPDATE

Section 372. 013( d) of the Local Government Code requires an annual update of the Service Plan. The
boundaries of the Park Vista Public Improvement District are set forth in Exhibits " A" and " B" attached
hereto and incorporated herein for all purposes. Park Vista Public Improvement District will not provide
services during the fiscal year 2022- 2023. The City will furnish or pay for standard improvements and/ or
services in the Park Vista Public Improvement District at the same level as they would be provided to the
taxpayers generally. The service plan is approved and adopted by the City Council for a period of one
year. The plan will be reviewed and updated annually by the City Council to determine the annual budget
for improvements and/ or services within Park Vista Public Improvement District. The cost of an
improvement and/ or special services will be assessed against real property within the Park Vista Public
Improvement District according to value of the property with improvements as determined by the Tarrant
Appraisal District.

The apportionment of costs between the Park Vista Public Improvement District and the City as a whole
shall be:

1) All of the cost of an improvement and/ or service shall be paid by special assessments against real
property in Park Vista Public Improvement District.
2) The City Council of the City of Watauga will be authorized to establish by Ordinance reasonable
classifications and formulas for the apportionment of costs between the City and the property to
be assessed.
3) The City as a whole will continue to provide standard improvements and services to Park Vista
Public Improvement District at the same level as they are provided to other areas in the City and
the taxpayers generally.

All public improvement projects of the Park Vista Public Improvement District have been completed. The
District has no obligations of indebtedness for public improvement projects.

FISCAL YEAR 2022- 2023 BUDGET

Cost of Maintenance& Operating Expense 0. 00

TOTAL 0. 00

FIVE YEAR SERVICE PLAN

Assessment Due Date 1/ 31/ 2023 1/ 31/ 2024 1/ 31/ 2025 1/ 31/ 2026 1/ 31/ 2027
Assessment Amount 0. 00 0. 00 0. 00 0. 00 0. 00

2022 ASSESSMENT ROLL

0. 00 on each $ 100. 00 valuation of property, upon all real property within the Park Vista Public
Improvement District.

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