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HomeMy WebLinkAboutOrdinance 18796-09-2009Ordinance Na. 18796-09-2009 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND 4N THE r'~P~1OUNfi OF X400,000.00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING l~TPROVEMENTS AND SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO. 8 {C~\It1P BOWIE); PROVIDING FOR A SEVERABILITY CLAUSE; r:1AKING 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 2009-201 {~ in the Budget of the City Manager, there shalC also be increased estimated receipts and appropriations in the Special Assessment District Fund in the amount of $400,000 from available funds for the purpose of funding improvements and services in Public Improvement District No. 8 {Camp Bowie}. SECTION 2. That should any portion, section or part of a section of this ardinance be declared invalid, inoperative or void far any reason by a court of competent jurisdiction, such decision, opinion ar judgment shall in no way impair the remaining portions, sections, or parts of sections of thr`s ordinance, which said remaining provisions shall be and remain in full farce and effect. SECTION 3. That this ordinance shall be incorporated into the ardinance 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. APPRO~/FD AS TO FOR(`~~ AND LEGALITY; City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION; Approved on 9/8/2009 -Ord. Nos. 18795-09-2009, 18796-09-2009 & 18797-09-2009 DATE: Tuesday, September 08, 2009 FZEFERENCE NO.: BH-243 LOG NAME: 17PID08BENHEAR2009 SUBJECT: Conduct a Benefit Hearing for Fort Worth Public Improvement District 8 {Camp Bowie Corridor} Concerning the Proposed Budget and Five-Year Service Plan and Proposed Assessment Roll; Adopt Ordinance Levying Special Assessments far 2009 Tax Year; Adopt Appropriation Ordinances to Increase Estimated Receipts in the Speciai Assessment District Fund and Special Trust Fund for 2009-2010 Fiscal Year and Authorize Execution of Agreement with Camp Bowie District, Inc., to Manage the District REC©MMENDATION: 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 8 {Camp Bowie Corridor PID} for the 2009-2010 Fiscal Year; 2. Approve the attached 2009-2010 Fiscal Year budget and five-year service plan for the Camp Bowie Corridor PID; 3. Adopt the attached ordinance levying special assessments on property in the Camp Bowie Corridor PID subject to assessment; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $400,000.00 in the Special Assessment District Fund {Public Improvement District 8 Fiscal Year 2009- 2014 Project Account} from available funds; 5. Authorize the transfer of $8,000.00 for administrative fees from the Special Assessment District Fund {Public Improvement District 8 Fiscal Year 2009-2010 Project Account} to the Special Trust Fund contingent upon the adoption of the attached ordinance levying assessments; F ~~_',n~_,t Cf,,~ ~ti ~~~hrC :app!"c~,~r:atlOn O~ ~ir _3r1Ci it^re~lSjn~~ ~~tlfnated receipts and appro;~C~a' ~~r;5 {n ti"le _ ,3~ i' , Tt ~ ~-i r~ ~ _. ~~ ~:(1 ~I"(~rY? ._3 . -3 „,~E: f ,'r'+'a „ _i DISCUSSION: Year budget and five-year service plan for the P(D and the proposed assessments to be levied on each property in the PID for the 2009 tax year. FoNowing the public hearing, it is recommended that the City Council approve the attached budget and eve-year service plan of the PID, adopt the attached ordinance levying the proposed assessments and adopt the attached appropriation ordinances allocating estimated receipts to the Camp Bowie Corridor PID's fund. C}n August 25, 2009, (M&C G-16678} the City Council conducted a public hearing to receive comments on the proposed 2069-201(} 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 Camp Bowie Corridor PID in accordance with State law. The improvements and services to be provided in the PID and the costs thereof are: Improvements Management Fee Landscape and Maintenance Communication/Newsletters Marketing Economic Development Public Events Capital Improvements Professional Services Insurance Audit City Administrative Fee Budget Expenses Estimated Operating Reserve Total Expenses Total Budgeted Costs. $69,975.00 $56,800.00 $20,000.00 X20,000.00 $165,223.00 $50,000.00 $176,000.00 $97,000.00 $4,100.00 $6,500.00 $8,_000.00 $673,598.00 X132,254,00 $805,852.00 The total budgeted costs of the improvements and services are $805,852.00. 4f this amount, $400,000.00 will be funded by assessments collected on privately owned parcels located in the district by applying a rate of $0.10 cents to each $100.00 of property value for commercial property. The remainder of the costs, $405,852.00 will be funded by prior years' assessments and revenues. The Camp Bowie Corridor PID is located in CQUNCIL DISTRICTS 3 and 7. FISCAL (NF{~RMATION 1 CERTIFICATION: The Financial Managemenf Services Director certifies That upon approval of the above reco!~~mendations and adoption of the attaches'- appropriation orc:ir~ances. funds wil! be available a~ tt~e Fiscal Ye~:~ `~`~~ ~~~ ~ ~ ,~ ~r-~l nr, ~ ~r1,_;et ~„-~~, ~.~t~Ci ~~! the S;~e~~al A~s~'SSmP!?! D,~strict f=t,n~i a(1r! 'he ~ pE T~ . f',~ND CENTERS TO Fund~Account"Centers F_ ~"; FROM Fur~dAccount~Centers S ~>_~;~.~,~~i~_~ l I'll )~i~l;l \I II BIZ '~,u~~ ~>_~~_~~~ _' ~~1 , CEI2TIFICATIC}NS: Submitted for City Manager's Office by; C}riginating Departmen# Head:. Additional Information Contact: Thomas Higgins {6140} Jay Chapa {6192} Sylvia Flores {8550} i ~~~~n,i;~~~~ }-~']0~~~~lil III( \I~'iii~~i J' i~~~~ _; ~~~ , w zp Q m d d- ua ~ CJ `~ ~ ~ ~ W ~ ~ tt~ o ~ Z Q ~ ~°~-~ o~Gl :', ~ ~ .y "~ Q n~ to yy~~~ t3.. °0 ~ ~ 0r~c~ ~ °~r~.. 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