HomeMy WebLinkAboutOrdinance 11198~,
ORDINANCE NO
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL ASSESSMENT FUND IN THE
AMOUNT OF $664,376 00 FOR THE PURPOSE OF PROVIDING
FUNDING FOR IMPROVEMENT DISTRICT NO 1, PROVIDING FOR A
SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF
PRIOR ORDINANCES AND REPEALING ALL PRIOR ORDINANCES IN
CONFLICT HEREWITH, AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS
SECTION 1
~ That in addition to those amounts allocated to the various City departments for the Fiscal Year 1992-93
and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations
in the Special Assessment Fund in the amount of $664,376 00 for the purpose of providing fund for
Improveme~lt District No 1
SECTION 2.
Should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for
any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair
the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions
shall be and remain in full force and effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance No 11151 and all other ordinances and
appropriations amending the same except in those instances where the provisions of this ordinance are in
direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions
of said prior ordinances and approprjations are hereby expressly repealed.
SECTION 4
This ordinance shall take effect and he in full force and effect from and after the date of its passage, and it
is so ordained.
APPROVED AS TO FORM AND LEGALITY
City Attorney
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Date
~~~ '~
Adopted
Effective
MASTER FILE-1
'•\efER
FiNRNCE 1
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' 11/05/92 REFERENCE NUMBER _: - "" "
G-9919 LOG=-NAME _~. _ "~-~ ~.-.
.~, 13 LEVY PAGE . 3>
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MAN 41~B~1~(3Tro s$ENEFI7"HEARING AND, LEVYING- ASSESSMEt~ETS FOR-FORT WORTH IMPROVEMENT ~0'I'SC ~ ~.
N0. 1 fOR"FISCAL YEAR 1992-93 -"~ "~`~ -" ~-` "~ -~ - - -
RECOMMENDATION: ._ ~ - °~ ~~ ~~-~- -----• •--
It .is recommended that. the~~City Counci-1 take. the.tfotaowing actions concerning~~~c;, .;~
Improvement District. No. 1: _,~~. ~ _ _ -
~,
1. Hold a public hearing regarding the proposed property assessments for Fisca~'~ ear...
'
1992-93 on November 5, 1992, and = - -~
~~„~-. ~.
2. C1 ose the publ i c hearing, and ,_ ~. ~°-~~:.~_:-~<
3. Adopt the attached ordinance which levies the proposed assessments, and -~~~ F-:
4. Authorize transfer of the City's assessment of $44,543..00 from General Fund, Non- "
Departmental to the PID #1 FY 1992-93 project account, and ---~-
5. Adopt the attached appropriations ordinance increasing estimated receipts and
appropriations by $664,376.00 in the Special Assessments Fund to provide fiscal
year 1992-93 funding for Improvement District No. 1.
DISCUSSION:
On October 13, 1992, the City Council held a public hearing and adopted M&C G-9889
which directed that certain improvements and/or services (the "improvements") shall be
provided in Fort Worth Improvement District No. 1 during the 1992-93 fiscal year.
M&C G-9892 approved on October 20, 1992 adopted the proposed assessment rolls and
provided for notice of this benefit hearing.
The improvements to be provided and the costs thereof are as follows:
TOTAL TO BE ASSESSED
COST FY 1992-93
(1) A maintenance and
landscaping program $400,281 $297,428
(2) A promotions _
program 78,140 48,767
(3) A marketing
program 52,808 49,469
(4) A security ,
program 20,975 20,741
(5) A transportation
& parking program 3,990 3,946
(6 City administrative
fee 5,000 0
(7) A management
program 157,182 142,568
TOTAL $718,376 $562,919
f3«~~
City of Fort -Worth, .Texas
Mayor and Council Communication
D TE ERE E N MBER G-9919 L NAME PA E
11/05!92 13LEVY 2 of 2
SUBJECT BENEFIT NEARING AND LEVYING ASSESSMENTS FOR FORT WORTH IMPROVEMENT DISTRICT
N0. 1 FOR FISCAL YEAR 1992-93
Of the cost of improvements, $518,376.00 shall be assessed against private property
located in the district and the owners of the property. In addition, $44,543.00 shall
be assessed against City property within the District. The $155,457.00 difference
between cost and assessments will come from a contract with the City for payment in
lieu of services the District will provide ($88,457.00) and other District revenues
($67,000.00). The City Manager has filed with the City Secretary a proposed assessment
roil and an estimate of the assessments against each parcel..
Based on the appraised value of the property, and considering the benefits to be
received from the proposed improvements, it is the opinion of the City staff that each
parcel of property will be enhanced in value by an amount equal to or more than the
proposed assessments upon completion of the improvements in accordance with the
r_ontract.
FISCAL INFORMATION/CERTIFICATION:
The Director of Fiscal Services certifies that (1) funds required for payment of the
City`s assessment obligation are available in the current operating budget, as
appropriated, of the General Fund and (2) upon adoption of the attached supplemental
appropriations ordinance, funds will be available in the current operating budget of
the Special Assessments Fund for the current fiscal year's expenditures for improvement
DISTRICT 1
CB:z
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by to
5 GS87 521010 00210009300 500 0
5 GS87 521020 00210009300 250.0 ypP~,~ti~~p
5 GS87 533010 00210009300 3,000.0 ~~T.7 r~,~l 1
~
C
L
5 GS87 533030 00210009300 500 0 ~I i ' `.~ J
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I
5 GS87 533120 00210009300 750 0 ,~
5 GS87 539120 00210009300 659,376 0 ~~+'
Charles Boswell 8500 5 GS87 488342 00210009300 664,376 ,;; ~ ~ -~ >
Originating Department Head: 4 GS81 411052 00210009300 44,543 0 ~~,....' r:~~~...k.J
Judson Bailiff 8185 from t;i~ySec*stirv of the
4 GGO1 538070 090580 44, 543 0 ~:ty oz i'ort v~orih. Sexes
for Additional Information
~ ~~LlliianC~ N0.
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Contact: -'3C~
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~ Judson Bailiff 8185
+~~ Printed on recyded paper