CC MEETING: June 17, 2025
DATE: June 3, 2025
TO: Erin Rinehart, City Manager
FROM: Melissa Everett, Finance Director
Chrystal Davis, Assistant City Manager
Title
Consider Authorizing The City Manager To Enter Into An Interlocal Agreement For Property Assessment And Collection With Denton County For Public Improvement District Carrollton Castle Hills PID 2.
Body
BACKGROUND:
The City contracts with Denton County to administer and collect assessment values for parcels of property located in the Public Improvement District (PID) “Carrollton Castle Hills PID 2” through the Tax Assessor and Collector’s Office. Properties located in a public improvement district are assessed additional fees for costs associated with public improvements constructed during the initial development of the PID. The City of Carrollton acts as passthrough entity and receives funds accepted by Denton County then passes the fees to the administrator of the PID, less our administrative fee. The values of the assessment are established annually by DTA, the City’s finance consultant for PID administration, and will be brought to council at a later date for acceptance.
FINANCIAL IMPLICATIONS:
Budget for the fees are accounted for in the Public Improvement District Fund.
IMPACT ON COMMUNITY SUSTAINABILITY:
The ongoing collection and distribution of PID assessments is essential for the proper administration of the Public Improvement District.
STAFF RECOMMENDATION/ACTION DESIRED:
Staff recommends authorizing the City Manager to enter into an interlocal agreement with Denton County for Assessment and Collection for Public Improvement District Carrollton Castle Hills PID 2.