RESOLUTION240611-05  A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LEONARD, TEXAS ADOPTING A PUBLICIMPROVEMENT DISTRICT POLICY WHEREAS, the City Council of the City ofLeonard, Texas (the "City") offers various incentives to encourage developments within the corporate limits of the City and in the  extraterritorial jurisdiction; and  WHEREAS, public improvement districts (each, a "PID") are an economic and community enhancement tool that finances the costs of qualified public improvements which  would not be otherwise be provided; and public improvement districts; and  WHEREAS, Chapter 372 of the Texas Local Government Code allows for the creation of WHEREAS, the City Council wishes to develop guidelines and requirements for WHEREAS, the City of Leonard Public Improvement District (PID) policy is provided NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY Section 1. The City Council hereby adopts the Public Improvement District policy,  consideration ini the establishment ofa a PID; and  herein as "Exhibit A":  OFI LEONARD, TEXAS, THAT:  which is attached hereto and incorporated herein as Exhibit"A"  Section 2. This resolution shall take effect immediately.  PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF LEONARD,  TEXAS, this 11th day ofJ June, 2024.  Mayor  ATTEST: - jty Secretary  City ofle  CITY SEAL] a  7  Ounty, Tekee