Commissioners Court - Regular Session

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30.

Meeting Date:	02/22/2011
Submitted For:	Valerie Covey	Submitted By:	Terri Countess, Commissioner Pct. #3
Department:	Commissioner Pct. #3

Information

Agenda Item

Consider authorizing Commissioner Covey to execute a letter to the City of Georgetown requesting an extension of the Shell Road PID assessment lien for two years for Campbell-Georgetown, Ltd tract.

Background

Georgetown created a Public Improvement district 7 years ago to repay the County for cost to relocate Shell road across from the HEB. The PID placed assessment liens, with 7 % interest, on all properties benefitting from the relocation. All properties except the Campbell tract have sold and paid off their liens. According to the PID, the assessments are due when the property is sold, platted or at the end of 7 years. The Campbell tract has requested a 2 year extension, acknowledging that the 7% interest meter continues to run. The City of Georgetown has approved the 2 year extension.

Fiscal Impact

From/To	Acct No.	Description	Amount

Attachments
third Ammendment
Gerogetown Minutes on PID
Georgetown Minutes on PID
Third Amendment to Development Agreement - Shell Road

Form Review

Inbox	Reviewed By	Date
County Judge Exec Asst.	Wendy Coco	02/16/2011 02:46 PM
Form Started By: tcountess		Started On: 02/16/2011 02:15 PM
Final Approval Date: 02/16/2011