Waterford Oaks Public Improvement District meets
2nd Monday of each month • 7:00 p.m.

Board Meeting Agenda July 10, 2017 7:00pm

Grady Lamb Police Building

601 E Belt Line Rd, Cedar Hill, TX

Minutes

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In 2002 the residents of Waterford Oaks subdivision petitioned to become the city's second public improvement district, or PID.  The special district, established by State statute, levies an additional assessment on all properties within specific boundaries.  Typically a percentage of the appraised value of the property, the assessment is reflected on the annual tax statement and confers a special benefit on definable parts of the improvement district.
The PID is authorized to make improvements to public spaces including right-of-ways, and parks (in cooperation with the Cedar Hill Parks Department.)
 Projects may include, but are not limited to:

    • landscaping, erection of fountains, distinctive lighting and signs
    • acquisition or construction of sidewalks, or other projects in public right-of-ways
    • establishment or improvement of parks
    • enhanced police patrol

The Waterford Oaks PID, created December 10, 2002, has a current assessment of 0.10¢ per $100 valuation.  Example:

    Appraised value $150,000 ÷ $100 x 0.10¢ = $150/yr

The annual operating budget for fiscal year 2009-2010 is estimated at $115,600, assuming 100% collection of proposed assessment roll.

The PID is governed by seven, at-large directors elected by residents and appointed by the Cedar Hill City Council to serve staggered terms of two years, subject to the terms and conditions of the City Council approved by-laws established for the district.

Neighborhood:	Waterford Oaks PID map
Established:	December 10, 2002
Number of Properties:	795
Special Features:	neighborhood park
	with pond, fountain,
	bridge and gazebo
	walking trails, greenbelt
President:	Leonard E. Howza
Management Company:	Principal Management Group
	Thomas Armstrong
	817.654.4242
	tarmstrong@principal-mgmt.com
Organization Type:	Public Improvement District
Participation:	mandatory, by-laws