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R-05-05-12-11A1 - 5/12/2005RESOLUTION NO. R -05-05-12-11A1 WHEREAS, on December 1, 1966, the City of Round Rock ("City") entered into a Cooperation Agreement with the Round Rock Housing Authority ("RRHA"), said agreement being amended and restated by a new Cooperation Agreement dated July 27, 1995 (collectively, "Cooperation Agreement"); and WHEREAS, the City of Round Rock ("City") and the Round Rock Housing Authority ("RRHA") entered into a Community Services Agreement on October 4, 1973 ("Community Services Agreement"); and WHEREAS, the Community Services Agreement allows for the deduction of expenditures from the payment in lieu of taxes ("PILOT") due under the Cooperation Agreement; and WHEREAS, the expenditures incurred by RRHA equal or exceed the PILOT due; and WHEREAS, the amount of the PILOT due is $4,707.48; and WHEREAS, the City wishes to waive the PILOT due for this fiscal year, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the PILOT due from RRHA to the City in the amount of $4,707.48 is waived for this fiscal year. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted @PFDesktop\::0DMA/WORLDOX/0:/WDOX/RESOLUTI/R50512A1.WPD/vr upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 12th day of May, 2005. Ate! if lrt Ltuytk..)-2° IQ L, Mayor City of Round Rock, Texas CHRISTINE R. MARTINEZ, City Secr;tary 2 DATE: May 6, 2005 SUBJECT: City Council Meeting - May 12, 2005 ITEM: *11.A.1. Consider a resolution authorizing the Mayor to waive the 2004 Payment in Lieu of Taxes (PILOT) for the Round Rock Housing Authority. Department: Planning and Community Development Staff Person: Mona Ryan, Community Development Coordinator Justification: Under the constitution and statutes of the State of Texas, all public housing authorities are exempt from all real and personal property taxes and special assessments as long as they are owned by a public body or governmental agency. Instead, annual payments (payments in lieu of taxes (PILOT)) are made for public services and facilities. This payment is equal to 10% of the rent collected by the housing authority and is distributed between the taxing entities. In accordance with the Community Services Agreement between the Round Rock Housing Authority and the City (October 4, 1973), PILOT payments can be waived when the housing authority incurs expenses for operating its Community Center(s). Documentation has been submitted to the Finance Department for these expenses, which exceeded the PILOT requirement. Funding: Cost: $4,707.48 Source of funds: Round Rock Housing Authority PILOT funds Outside Resources: N/A Background Information: The Housing Authority will continue to operate and maintain the Community Centers located at Lancehaven, Westwood, and Cushing with appropriate staff and supervision to carry out recreational and social activities. Public Comment: N/A