Plano City Council approved the 2024 operations and maintenance plan and levying of necessary assessments worth over $76,000s within the Downtown Plano Public Improvement District at the Aug. 12 meeting.
The overview
Property owners within the public improvement district contribute $0.15 per square foot of real property improvements, according to city documents. For the assessments due Jan. 31, 2025, the total levy in the district will be around $76,320.
A public improvement district is an area created by a city council that allows for a special levy to be assessed, which is used to finance improvements within the district.
Council members and the district’s advisory board are required to approve the annual service and assessment plan, which is used to stimulate residential and business activity downtown. Per city documents, the upcoming service plan will pay for projects including beautification efforts, events and management of the district.
What else?
A redistricted public improvement district in the downtown area was approved in 2023 for five years. A district in the downtown area was initially created in 2014.
