He said the 127-lot subdivision — with its small commercial section — would add $27 million to the ad valorem tax base at build out.
“We’re building the houses, and you will be proud of the finished product,” he said, referring to himself and Peter Paulsen and the Versailles, Bella Flora and Bella Ranch neighborhoods.
Water and sewer rates
As predicted during budget discussions, rate consultant Chris Ekrut, of J Stowe & Co, recommended no increase in the city’s water and sewer rates for fiscal year 2014.
Keeping the status quo is possible, Ekrut said, because of the city’s decision to set aside $150,000 from reserves and $400,000 in impact fees to meet debt service requirements.
Those requirements stipulate that total revenues — after first covering the cost of providing services — must be equal to 1.1 times the annual debt service payment.
Without adding the reserves and fees to the revenues from water/sewer customers, Ekrut said, the city’s customers would face a 5.5 percent increase this year.
“It’s nice to avoid increases by using the resources available to us,” councilman Kerby Smith said. “We need to continue to challenge ourselves to move down the list.”
According to figures collected by Ekrut, the average total monthly bill for a water/sewer customer using 5,000 gallons is $83.35 for Aledo, compared with $109.16 for Annetta; $103.41 for Willow Park; $91.45 for Hudson Oaks; $75.59 for Springtown; $72.11 for Azle; and $67.52 for Weatherford.
For an Aledo water/sewer customer using 10,000 gallons, the average monthly bill of $146.61 tops the list, with Azle at the bottom with an average monthly bill of $106.84.
The council has signed off on a design concept for “The Grounds,” a 2-acre area inside the Aledo Trail downtown couplet.
Rebecca Pittman, a landscape architect with Freese & Nichols, presented a 300-seat amphitheater which would double as a “skateable streetscape;” a 2,800-square-foot covered pavilion; restrooms with eight fixtures; public art; and a veteran’s memorial, to include flags and plaques.