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Home My WebLink AboutOrdinance 18805-09-2009Ordinance No. 18805-09-2009 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AP~1QUt<1T OF X14,448.00 FROM AVAILABt-E FUNDS FOR THE PURPOSE OF FUNQING IMPROVEMENTS AND SERVICES IN PUBLIC IMPROVEMENT DISTRICT Nfl. 14 {TRINITY BLUFF}; 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 thaw amounts allocated to the various City departments far Fiscal Year 2009-2010 in the Budget of the Ci#y Manager, there shall also be increased estimated receipts and appropriations in the Special Assessment District Fund in the amount of $14,448.00 from available funds far the purpose of funding improvements and services in Public improvement District Na. 14 {Trinity Bluff}. 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 o#her 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 adoiat~on. APPRO`..'ED AS TC~ FORP~i ~~,ND LEGALITY: pity of Fort V1Vorth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/8/2009 -Ord. Nos. 18804-09-2009, 18805-09-2009 & 18806-09-2009 DATE: Tuesday, September 08, ~Or1~J REFERENCE NCt.: BH-246 LC}G NAME: 17PID14BENHEAR2009 SUBJECT: Conduct a Benefit Nearing far Fart Worth Public Improvement District 14 {Trinity Bluff} Concerning the Proposed Budget and Five-Year Service Plan and Proposed Assessment Rall; Adapt Ordinance Levying Special Assessments far 2009 Tax Year; Adapt 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 Fart Worth, Inc., to Manage the District RECOMMENDATION: It is recommended that the City Council: 1. Hold a benefit hearing concerning the proposed special assessments an property located in Fart Worth Public lmpravement District 14 {Trinity Bluff} far the 2009-2010 Fiscal Year; 2. Approve the attached 2009-2010 Fiscal Year budget and five-year service plan far the Fart Worth Public lmpravement District 14 {Trinity Bluff}; 3. Adopt the attached ordinance levying special assessments on property in the Fart Worth Public lmpravement District 14 {Trinity Bluff} subject to assessment far the 2009 tax year; 4. Adapt the attached appropriation ordinance increasing estimated receipts and appropriations by $14,448.00 in the Special Assessment District Fund, Public lmpravement District 14 Fiscal Year 2009- 2010 Project Account, from available funds; 5. Authorize the transfer of X2,000.00 far administrative fees. from the Special Assessment District Fund, Public Improvement District 14 Fiscal Year 2009-2010 Project Account, to the Special Trust Fund conti«genf upon the adoption of the proposed ordinance levying assessments; -i. i~.~~j~_?{ i~lE ~',+t~~~Ele!. .:1~.>F_,r.";.~CI?t'~C~fl :~1~-,1 :3 f,,('f? II' ;rE'c3Sln(a '~SI~'fT~c=31L~r~ '~C~~~t~ and ap~~;.11.J~~~-~j~(lfi` In the a', r~ l~ ' ._ ~~ ~' 3 1 3,' ~, :~ ~, ,l DISCUSSION; 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 2449 tax year. Following the public hearing, it is recommended that the City Council approve the attached budget and five-year service plan of the P(D, adopt the attached ordinance levyin~~ the praposed assessments and to adopt the attached appropriation ordinances a~locating estimated receipts to the Trinity Bluff PID's fund. Qn August 25, 244J_ (f~4&C G-16681 }the City Council conducted a public hearing to receive comments on the praposed 2449-2016 Fisca( Year budget and five-year service plan far the PID. Native of this benefit hearing was published in the newspaper and mailed to all retard owners of property in the Trinity Bluff PID in accordance with State law, The improvements and services to be provided in the PID during the 2449-2414 Fiscal Year and the costs thereof are: Improvements Management Fee Marketing City Administrative Fee Budget Expenses Estimated Qperating Reserve Total Expenses Total Budgeted Costs $448.44 $12,444.44 $Z,Q00.00 $14,448.00 X0,00 $14,448.00 The total budgeted costs of the improvements are $14,448.44. C?f this amount, $14,448.44 will be funded by assessments caHected on privately owned parcels located in the district by levying special assessments at a rate of $4.14 to each $144.44 of value. The Trinity Bluff PID is located in CC3UNCIL DISTRICT 9. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the Fiscal Year 2449- 2414 operating budget, as appropriated, of the Special Assessment District Fund and the Special Trust Fund. FUN© CENTERS: TO FundlAccountlCenters FROM Fund/AccountlCenters ~} 7}} FE72_ -~8' 30E3 ~17587001OQO X2,040.00 6)} G~$7 539120, (}t1251-~OC79~00 5~ X700.00 7}} FE?2 3' "(i,,0 017587'J±? i;)p0 5~ 4oo.4Q 8}}_GS~7 5391,20 0D25?~1U09904 W-1~8 CU CE (-tTiF1CA'i(i^~S Sub«~itted for City Mar~ayer's C3ffi~ e }~~ ~ ~ . Qriyinating Department Head: Additional lnforrl~ation Contact: ~ ~ ~ • ~ ~ ~'~' l f ,,;~~~,.,;~~~~,~ [ ill ~I ~lif `,I I? \1? `~~i~~~~~ I':,~_~~ ~ ~~i er 0 ° 0 ° ~- 000 ~ ~ 0 0 c7 0 °- ~ ~ r ~ O 0 O ~' ~ f3S Li.. <- m z y, ~ ~ ~ ~ J C ~ ~ O O G7 ~~. LL s. W ~ y- ~- ~ ; H3 et ,~ ~ r ~ ~ Ui Z ~ ~- ~ ~ ~Cd. . ~ ~ ~ ~ s ~ ~ ~} ~ r,. ~? 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