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Home My WebLink AboutOrdinance 18787-09-2009Ordinance No. 18787-09-2009 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF X1,970,424.00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO. 1 {DOWNTOWN}; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF 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 Fiscal Year 2009-2010 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Special Assessment District Fund in the amount of $1,970,424.00 from available funds for the purpose of funding improvements and services in Public Improvement District No. 1 {Downtown}. SECTION 2. That should any portion; section ar 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 incorporated into the ordinance effecting the budget of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2009, and ending September 30, 2010, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4 This ordinance shall take effect upon adoption, APF'RC?VED AS TO FORM AND LEGALITY: City of Fart` Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/8/2009 -Ord. Nos. 18786-09-2009, 18787-09-2009 & 18788-09-2009 DATE: Tuesday, September 08, 2009 REFERENCE NO.: BH-240 LOG NAME: 17PID01BENHEAR2009 SUBJECT: Conduct a Benefit Hearing for Fort Worth Public Improvement District 1 {Downtown} Concerning the Proposed Budget and Five-Year Service Plan and Proposed Assessment Roll; Adopt Ordinance Levying Special Assessments for the 2009 Tax Year; Adopt Appropriation Ordinances to Increase Estimated Receipts in the Special Assessment District Fund and Special Trust Fund for Fiscal Year 2009-2010 and Authorize Execution of an Agreement with Downtown Fort Worth, Inc., to Manage the District _ _ _. _. . RECOMMENDATION: It is recommended that the City Council: 1. Hold a benefit hearing concerning the proposed special assessments on property located in Fort Worth Public Improvement District 1 {Downtown} for the 2009-2010 Fiscal Year; 2. Approve the a##ached 2009-2010 Fiscal Year budget and five-year service plan far the Downtown PID; 3. Adopt the attached ordinance levying special assessments an property located in the Downtown PID for the 2009 tax year; 4. Authorize the transfer of $135,783.00 from the General Fund to the Special Assessment District Fund {Public Improvement Distric# 1 Fiscal Year 2009-2010 Project Account} for the City's paymen# in lieu of ServlceS; 5. Authorize the transfer of $173,674.00 from the General Fund to the Special Assessment District Fund {Public Improvement District 1 Fiscal Year 2008-2009 Project Account} for the City' s payment in lieu of assessments; 6, Adopf the attached appropriation ordnance increasing estimafed receipts and appropriations by ~~ g; ~~ <~~,~ ,fin n t!re Spec; ~! Assess!~~ent District Fi_~nd Public frrpro~~er;re;,! Dist~~~:+, 1 F seal Year 2i~09- ,. ]v~'_'!l.llll~- 1~1'll)~iilil \lll ~IZ'~~~~'? l'~i~'~ l ~~ QISCUSSION; C}n June 23, 2009, the Gity Gouncil adopted Resolution No. 3756-06-2009 re-establishing the Fart Worth Public Improvement District 1 (DUwn~or~rt PlD}. The p~lrpose of this benefit hearing is to receive comments from the public regarding the 2009-2010 Fiscal Year budget and five-year service plan for the PID and the proposed assessments to be levied on each property in the PID for the 2009 tax year. Following the public hearinc it is recommended that the Gity Council approve the attached budget and five-year service plan of the PID, adopt the attached ordinance levying the proposed assessments and adopt appropriation ordinances allocating estimated receipts to the Downtown PiD's fund. t.~n August 25, 2009, (M& C G-16675} the City Council conducted a public hearing to receive comments on the proposed 2009-2010 Fiscal Year budget and five-year service plan for the PID. Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property in the Downtown PID in accordance with State law. The improvements and services to be provided in the PID during the 2009 Fiscal Year and the costs thereof are: Improvements Management Fee Water Utilities Landscape/Tree Maintenance Trash Removal {ail other Maintenance expenses} Holiday Lighting/Decoration {Repairs} Security Enhancement Communications/Newsletters Marketing {& Research} Public Events Transportation & Planning Capital Improvements Insurance Annual review {Audit} City Administrative Fee Budget Expenses Estimated C}perating Reserve Total Expenses Total Budgeted_ Costs $326~,~7y~5}~0}.0p0~ $12,000.00 $20,000.00 $57,285.00 $1,022,921.00 $15,000.00 $85,000.00 $20,000.00 $480,910.00 $10, 000.00 $384,670.00 $32,154.00 $9,000.00 X3,500.00 ~3,219.C}0 $2,512,409.00 279.~J74,OQ $2,792,383.00 ~`~` ''tai `. i i, r t ~.y - ~ tC, .~{ ,h.~ 7'1 ~ ~''!F't ~l~E ~~ ~'~._~ ~ ,Q 'i(~ ~f C.`~ ~ .~~'1.~~, 11-• _ ~ ~ y~i? ~ ,~~.. .. F'''~ ~~j~~a C,UU~dCIL Dlti?~RiC~ E ~~. z ~;(`!1!, 'ti~~~)R^~1AT'! ~^, CAE RTiF I(~ArlON and adoption of the attached appropriation ordinances, funds will be available in the Fiscal Year 2009- 2010operating budget, as apprapriated, of the Special assessment District Fund and the Special Trust Fund. FUND CENTERS: TC} Fund/AccountlCenters 8) 9}} FE72 _ X31306 0175870Q" OOt7 9)}FE72 51.1.010.01787001000 ~l 7}} ~~87 ~a~o10.002~4~ 002000 6) 7~} GS87__488010_002501442000 7~} GS87 .4883=k2.44~~316~206~ 7~~ GS87 539120...002501002044 FROM Fund/AccountJCenters X33.219.00 8x} GS87 539 ~ Z(~ 002501102000 ~33,21J.OtI 533,`2.9.00 5}} CG01 53912(} fli71(}QO ~i135,783.00 ~13.5.7s3.0o t~}) GGO~ _ 539120 0171(}00 173=67.00 $173.67.00 10}} GS87 . 5391.20 00250002000 X326,750.00 $1,660 967,4(} $1,974,424,OC1 I ~~L'.!l,ll'l~'. ~ ~ ~~Ll)Ill~i~~~i I~ ~~~.~Illl~) l~.~t'l' ' ~~~ . City of Fort Worth CRDI~tANCE NCB. 1 c?73G-0~?-2040. PRC3POSED FIVE YEAR. SERVICE PLAN 13787-09-2C3Q9 & " 3748-09-2009 Public Improvement Distri ct No. 1 -Downtown FY09t10 FY1Q/11 FY11112 FY12113 FY13J14 REVENUES PID Assessments 1,660,967 1,664,967 1,695,000 1,728,000 1,775,000 CC}Fl'V Assess~t~ents 173,674 173,674 177,154 184,690 184,3(}0 City Payc~~,er,t in-lieu of Service 135,783 138,500 141,270 144,095 146,975 PID Generated Revenue 159,364 163,413 175,780 169,095 172,475 Prior Year's assessment 662,595 279,974 194,474 108,474 24,974 Total Revenues 2,792,383 2,416,528 2,383,674 2,330,354 2,299,724 EXPENSES Management Fee {Administration} 326,750 333,285 339,290 346,075 353,004 Water 12,000 12,440 13,000 13,500 14,000 U#iiities 20,000 20,000 22,000 24,000 26,000 t-andscape/Tree Maintenance 57,285 57,285 60,100 61,305 62,532 Trash Removal {all other Maint exp} 1,022,921 1,442,265 1,008,400 1,015,444 1,420,466 Fence Maintenance 0 d 0 0 0 Holiday Lighting/Decoration {Repairs} 15,000 15,000 15,000 15,000 15,004 Security Enhancement 85,000 85,500 86,000 86,500 87,000 CommunicationslNewsletters 20,004 20,000 20,444 20,000 20,044 Marketing {8 Research} 480,910 361,000 364,000 370,004 390,000 Public Events 10,000 10,400 10,000 10,000 10,000 Transportation & Planning 384,670 260,000 270,000 280,000 300,000 Capital Improvements 32,154 0 20,910 24,000 20,500 Replacements 0 0 0 0 0 Insurance 9,000 9,000 9,004 9,000 9,400 Annual review {Audit} 3,500 3,500 4,004 4,000 4,404 City Administrative Fee 33,219 33,219 33,900 34,560 35.252 Budget Expenses Estimated C}perating Reserve 2,512,409 2,222,054 2,275,200 2,309,380 2,366,754 279,974 # 194,474 108,474 20,974 {67,426} Tota(Expenses 2,792,383 # 2,416,528 2,383.0' 2,330,354 Z2~'~ 724