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HomeMy WebLinkAboutOrdinance 10618,~~ ,T ~: ORDINANCE N0. ~ (1 AN ORDINANCE CLOSING BENEFIT HEARING AND LEVYING ASSESSMENTS FOR PART OF THE COST OF IMPROVING A PORTION OF FITZHUGH AVENUE, FROM BISHOP STREET TO CAMPBELL STREET, AND PORTIONS OF SUNDRY OTHER STREETS, AVENUES AND PUBLIC PLACES IN THE CITY OF FORT WORTH, TEXAS; FIXING CHARGES AND LIENS AGAINST ABUTTING PROPERTY THEREON, AND AGAINST THE OWNERS THEREOF; PROVIDING FOR THE COLLECTION OF ASSESSMENTS AND THE ISSUANCE OF ASSIGNABLE CERTIFICATES, RESERVING TO THE CITY COUNCIL THE RIGHT TO ALLOW CREDITS REDUCING THE AMOUNTS OF THE ASSESSMENT TO THE EXTENT OF ANY CREDIT GRANTED, DIRECTING THE CITY SECRETARY TO ENGROSS AND ENROLL THE ORDINANCE BY COPYING THE CAPTION IN THE MINUTES OF THE CITY COUNCIL OF FORT WORTH, AND BY FILING THE ORDINANCE IN THE ORDINANCE RECORDS OF THE CITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Fort Worth, Texas, has declared the necessity for and ordered that each of the following portions of streets, avenues and public places be improved by raising, grading, filling and constructing thereon. FITZHUGH AVENUE Fitzhugh Avenue, from Bishop Street to Campbell Street, known and designated as Project No. 90-136072-00, to be improved by constructing a six-inch thick reinforced concrete pavement with a seven-inch high attached concrete curb over a six-inch thick lime stabilized subgrade so that the finished roadway will be forty feet wide on a fifty-five foot width Right-of -Way. Four-inch thick concrete sidewalks and six-inch thick concrete driveway approaches will be constructed where shown on the plans -1- ;~ WHEREAS, concrete curbs and gutters on proper grade and line, storm drains, and other appurtenances shall be constructed WHEREAS, all improvements will be constructed strictly according to approved Plans and Specifications WHEREAS, estimates of the cost of the improvements to the streets, avenues, and public places were prepared, filed, approved, and adopted by the City Council. WHEREAS, the proper notice of the time, place, and purpose of the hearing was given WHEREAS, the hearing was held on the 12th day of June, 1990 at 10:00 o'clock A.M. in the Council Chamber of the City of Fort Worth; and at the hearing the Council permitted all interested parties a full and fair opportunity to be heard WHEREAS, the City Council, having fully considered all the matters presented during the hearing, is of the opinion that the hearing should be closed and the assessments should be made and levied as herein ordered NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, THAT I The benefit hearing is hereby closed II. The City Council finds from the evidence (i) that the assessments should be made and levied against the respective parcels of property abutting the streets, avenues, and public places and against the owners of such property; (ii) that the assessments and charges are correct, (iii) that the assessment and charges are substantially in proportion to the benefits conferred to the respective parcels of abutting property by the improvements in the unit in which the assessments are levied, (iv) that considering the benefits received and the burdens imposed, the assessments establish substantial justice, equality, and uniformity between the owners of the respective parcels of abutting property, (v) that each parcel of abutting property assessed is specially benefitted in the enhanced value of the improvements in a sum of money in excess of the sum for which the assessment is levied and the charge made; (vi) that the apportionment of the cost of the improvements is in accord with city ordinances; and (vii) that the proceedings of the city for the improvements are valid III There shall be, and is hereby, levied and assessed against the parcels of abutting property described in Exhibit "A" attached and dated May, 1990, and against the owners thereof, whether named or incorrectly named, the sums of money itemized opposite the description of the respective parcels of abutting property -2- _< IV. Where more than one person, firm or corporation owns an interest in any property described in Exhibit "A", each person, firm, or corporation shall be personally liable only for his or its assessment in the proportion that his or its interest bears to the total ownership interest of the property An interest in jointly owned property may be released from the assessment lien upon payment of the proportionate amount owed. V The amounts described in Exhibit "A" and assessed against the parcels of abutting property and the owners thereof, together with interest at eight percent a year, reasonable attorney's fees and costs of collection, are hereby declared (i) to be and are made a lien upon the parcels of abutting property against which they are assessed; {ii) to be and are made a personal liability and charge against the owners of the parcels of abutting property, whether such owners are correctly named; (iii) to be and constitute the first enforceable lien against the parcel of abutting property on which the assessments are levied, superior to all other liens and claims, except state, county, and school district taxes and city ad valorem taxes. The assessments shall be payable on or before 30 days after the acceptance by the City of Fort Worth of the project; provided, however, an abutting property owner may elect to pay the assessment in five equal, consecutive annual installments The first installment shall be paid no later than thirty days after the acceptance by the City of Fart Worth of the project Each subsequent installment shall be paid annually on each annivesary date of the acceptance of the project. In the alternative, an abutting property owner may elect to pay the assessment in 49 equal, consecutive monthly installments, the first installment to be paid no later than thirty days after the acceptance by the City of Fort Worth of the project Any owner electing to pay the assessment in installments, must execute a promissory note and mechanic's and rnaterialman's lien contract evidencing the owner's intent to pay the assessment in accord with the terms of one of the installment alternatives If the owner elects to pay the assessment in installments under either alternative, the assessment shall bear interest from the date of acceptance of the project at the rate of eight percent per year Should any installment not be paid on its due date, the City of Fort Worth shall have the option to accelerate the entire unpaid balance of the assessment and declare it immediately payable Any terms governing any default in the payment of any installment shall be set forth in the mechanic's and materialmen's lien contract and shall be uniform among all abutting property owners executing an installment contract In addition, the City Attorney shall have the authority to authorize terms of payment different than those specified herein when the Director of Transportation and Public Works has previously determined that an extreme financial hardship exists. VI Any default in the payment of any assessment shall be enforced either (i) by the sale of the parcel of abutting property by the Assessor and Collector of Taxes of the city in the same manner provided for the sale of property for the nonpayment of ad valorem taxes, {ii) at the option of the city or its assigns by suit in any court, or (iii) as provided in the mechanic's and materialman's contract created by this ordinance The city shall exercise all powers to aid in the enforcement and collection of the assessments. -3- ~, A VII. The total amount assessed against the respective parcels of abutting property and the owners thereof is in accord with the proceeding of the city relating to the improvements and assessments thereof and is less than the proportion of the cost allowed and permitted by the law. VIII Although charges have been fixed, levied, and assessed as stated, the City Council hereby reserves the right to reduce the assessments by allowing appropriate credits to certain property owners Even though the City Council reserves the right to issue credits, it shall not be required to issue credits, and will not do so if the credits are inequitable or discriminatory The principal amount of each assessment certificate issued by the city shall be determined by deducting any credit from the amount of the assessment IX. To evidence the several sums assessed against the respective parcels of abutting property and the owners thereof, and the time and terms of payment, and to aid in their enforcement and collection, the city shall issue, upon completion and acceptance of the project, assignable certificates in the amount of the respective assessment less any credits allowed The certificates shall be executed in the name of the city by the Mayor, attested by the City Secretary, and impressed with corporate seal of the city The certificate shall be payable to the City of Fort Worth or its assigns, and shall declare the amounts, time and terms of payment, rate of interest, and the date of the completion and acceptance of the improvements abutting the parcel of property for which the certificate is issued. Moreover, the certificate shall contain the name of the owner or owners, if known, and the description of the property by lot and block number, front feet, or as may otherwise identify the property Property owned in the name of an estate may be assessed in that name No error or mistake in describing any property, or in giving the name of any owner shall invalidate or impair the. certificate for the assessments levied The certificate shall provide that if it is not paid promptly upon maturity, it shall be collectable, with reasonable attorney's fees and costs of collection in addition, the certificate shall provide that the amount evidenced in it shall be paid to the Assessor and Collector of Taxes of the City of Fort Worth, who shall issue a receipt as evidence of payment The Assessor and Collector of Taxes shall deposit the sums he receives with the City Treasurer to be kept and held in a separate fund After any payment on a certificate is made to the city, the Assessor and Collector of Taxes, upon presentation of the certificate, shall endorse the certificate to show the payment If a certificate is assigned, the holder shall be entitled to receive from the City Treasurer the amount paid by presentation of the certificate endorsed and credited, and the endorsement and credit shall be the Treasurer's Warrant for making the payment The payments by the City Treasurer shall be receipted for the holder of the certificate in writing and by surrender when the principal, together with accrued interest and all costs of collection and reasonable attorney's fees, have been paid The certificate shall further recite that the proceedings for making the improvement were held in compliance with the law, and that all prerequisites for fixing the assessment lien against the property described in certificate and against personal liability of the owners have been completed The recitals shall be prima facie evidence of all matters recited in the certificates, and no further proof shall be required in any court -4- The certificates may have coupons attached to evidence any installment or may have coupons for (i) each of the first four installments, leaving the main certificate to serve as the fifth installment coupon, (ii) or each of the first 48 installments leaving the main certificate to serve as the 49th installment coupon The coupons may be payable to the City of Fort Worth, or its assigns The certificates may be signed with the facsimile signatures of the Mayor and City Secretary The certificates shall also recite that the city shall exercise all powers to aid in the enforcement and collection of the certificate. Recitals need not be in any exact form, but in substantial compliance with this ordinance X The city has power to make and levy assessments and to correct mistakes, errors, invalidities or irregularities, either in the assessments or in the certificates XI All assessments levied are a personal liability and charge against the owners of the property described in Exhibit "A", even though the owners may not be named or may be incorrectly named Failure to make improvements in front of an abutting property that is exempt from assessment will not invalidate the lien or liability for assessments made against other abutting property XII The assessments levied are for the improvements in the particular unit upon which the respective parcels of property abut, and the assessments for the improvements in any unit are not affected by the assessments or improvements in any other unit In making assessments and in holding the benefit hearing, the amounts assessed for improvements in any one unit have not been connected with the improvements or assessments for improvements in any orher unit XIII The assessments are levied under the provisions of TEX REV CIV STAT ANN art 1105b {Vernon 1964), which statute has been adopted as an amendment to and made a part of the Charter of the City of Fort Worth XIV The City Secretary is directed to engross and enroll this ordinance by copying the caption in the Minute Book of the City Council and by filing the complete Ordinance in the appropriate Records of the City XV The ordinance shall take effect and be in full force after the date of its passage, and it is so ordained -5- PASSED AND APPROVED this ~_~_ day of 19 "L V APPROVED AS TO FORM ANA LEGALITY ~~ I ~i r ~~.. City Attorney Date ---------------------------- Adopted ~ - --~`~0,~~~~~------ Effective. ~~~/~~~----- -6- -•- 1 1 1 1 1 1 + 2912 ' NSHl,v1i' a i i~F 21EC 2' ~u i Iq 1 I ~ - =. _ ~ ~~ I 1. I M M: G` 1 ~ 1 7 B 5 ~I a 5 I-6-2 9 2 3 c1,5 F7 5 1' B 17E 7a 5~~6Z 6a I I ,~ , I 1 1 1 1 ~ g ~, 1 H I ~. yi ! _~ i 1 i I ~ ~ i I L =.., - :. - I 1 i ca I cb'S. i 5E 61 1 ~. t 7 19 5 ~ q 5 6 -. 9 D c 5' :E' -_-~ I 3 f 1 G a ?' 1 I ~20 3.;36 12a "5 1f ~ C~ ~ 9a : g8 , 6 79 ~ i I 12 i ~ 1 ~ a~ 16 ]5 1 qI 13:12 ] ] i l0 19 76 I 9 B ~ 7 J 6 < 1 ~ I I GRENSNpW PVENUE O , W W _7161 g lc i SI6 I J 8 IA 21 H 7 ~ I W 23 W W 1 ~ ~ ENGLEWOOD HEIGATS ADDITION, LOT 3-R, a ]s I Sa R ~~:3 ~ 7z SSi So g o (D. MC RAE ELEMENTARY SCHOOL) m ~~~~~~~~ ~ FITZHUGH AVENUE I I , ~1 ! I I ( i ~ I I ~ ~ 6716 9 fl2'3Ici15 6;7)6 2,3ic 5 67,6 9 fI2 3~c'S• 6' '9 9I•C ~ 1 i 1 I ~ i I I i I. i I I 73 ~ 121 1f 5! 5 ~ Sclf3 72 1 _~]C 1-9 B 17 7675 1c;]3 ~ :t 7 ]. i 1 ~ I ~ ~ ~ I 2c~21 2D'79 8177 :6 '75 ! , 1 I I I i i , II I 1 I I i I 1 617 I8 9 Ip 3icI5I6~7j~ ~ 72A~3~c 5l6 7l6 g ] i213~a 15 6 7 !910, ~•~. i I ~ I I I I I I i ,y T I 1 + I I !~; i 15 c 1 1 13 12 17: SG ~ ~ 1 g!~7' ~ , 75 ]< :~ 727 ]D' ~ 16! wppt7 ] ]D ~ 30 1 ~a +r!1! E 22 21 20 ~ 9 761 17 75 !5 ]e: 73 ]2 i. ti i 'VL7 3 /2 i i I A ~ ~ li r +-17S 6 7 6 y !I f 3.c 51 6 7~ 8 S ~ii3l c15 ~6 7 6 `J ! 2 3~ c 5< 7 y 1;, + ~ ' ~ 1 21 + l i I ~ 1 ~ 1 ~ i k, 1: 6 5_ :. 3 12 17 ' 70 ~ g 18 77 fE ~ 75 c ;?' 7 ?< <_ ,..70. 751 :6 f' _ FITZHUGH AVENUE (BISHOP STREET TO CAMPBELL STREET) PROJECT N0. 90-136072-00 71 1 1 >;e ~ ~ ~ 1 I . 1 t I ]~ ~ '6 I ~~ ~_=_''_ti~ ~19i 20 I 3 ~ 1 F° , 1 ! II ! 117 96 135 , '7 1 ! I I 1 I 2 1311•-mac I` 86 3 6a• ~ 5 lO~ Sa Sa1~ 5 _ _ _ _ _ 6 56 567 7 - 5C 5U g SC SD1~ - qy• ---y~ _ ~ EI qa i c' q8 C C r:ht°- 1,~ 6 • 6 a - -Y- - 69 6b:. I 1 ~ --- 6C 1 6. -- --t-- 2 Sa 56 3c 5: EXHIBIT A , MAY 1990 PROJECT p0. 90-136072-00, FITZHUGH AVENUE, FROM BISHOP STREET TO CAMPBELL STREET, to be improved by constructing a siz-inch thick reinforced concrete pavement with a seven-inch high .attached concrete curb oa a siz-inch thick lime stabilized subgrade, ao that the finished road- ; way will be forty feet wide oa a fifty-five foot width Right-Of-Nap. Four-inch thick concrete sidewalks and siz-inch thick concrete driveway approaches will be constructed where shown on the plans. ONNER ~ LEGAL DESCRIPTION ------------------------- BEGINNING AT BISHOP STREET -------------------------- SOUTH SIDE 000000867993 O1.LIE NEWMAN 3400 FITZHUGH FT WORTH TX 76105 BLR 24 LOT 3 ZONING FRONTAGE RATE ENGLEWOOD HEIGHTS 2ND FILING ------------------------- AMOUNT ASSESSMENT 8 50.00'PAVEMENT 43.53 50.00'CURB 3.41 200.00'SF SDWR(R) 3.21 LESS CREDIT VACANT SOUTH SIDE APPRAISAL ENGLEWOOD HEIGHTS 2ND FILING 000000868043 EMGLEWOOD HEIGHTS METHODIST CHURCH 3428 FITZHUGH AVE FT NORTH TX 76105 BLR 24 LOTS 8, 9 B 100.00'PAVEMENT 43.53 100.00'CURB 3.41 304.00'SF SDWR(R) 3.21 194.70'SF DR APPR 3.75 LESS CREDIT CHURCH PARKING LOT LITTLE STREET INTERSECTS ---------------------------- SOUTB SIDE 000000869198 ENGLEWOOD HEIGHTS METHODIST CHURCH 3428 FITZHUGH AVE FT NORTH TX 76105 BLR 31 LOTS 1, 2, 3, 4 VACANT LOTS APPRAISAL 2176.50 170.50 ____642_00_-- 2989.00 321.00 2668,00 2750,00 4353.00 341.00 975.84 ---_ 730_ 13--- 6399.97 487.92 5912.05 5500,00 B 200.00'PAVEMENT 43.53 8706.00 200.00'CURB 3.41 682.00 800.00'SF SDNR(N) 3.21 2568.00 11956.00 APPRAISAL 11000.00 2668.00 5500.00 11000,00 ' - 1- ONlfER i LEGEI. DESCRIPTI011 EO11IltG FROIPlRGE 1ta?E 11!lOU11T ------------------------- ------ -------- ---- ------ EitGLEN00D HEIGHTS 2HD FILIIIG SOUTB SIDE 000000869201 DOROTHY D ltELL1~tD 825 MBttI011 B 152.00'SF SDidlC(!I) 3.21 487.92 FT NORTH TY 76104 BL1~ 31 LOT S 487.92 RBS I DE11CE SOUTH SIDE 000000869228 ELYIS E ETUX TERESE MORRIS 4051 HBMPSHIRE BLVD FT NORTH TX 76103 BL1~ 31 LOT 6 RESIDENCE SOUTH SIDE 000000869236 ROBERT J CARPENTER RT 1 BOX 774 ALPORD FL 32420 SL1C 31 LOT 7 8 ENGLENOOD HEIGHTS 2ltD FILIItG 50.00'CURB 1.87 156.00'SF SDNI~(!() 3.21 APPRAISAL ENGLEWOOD HEIGHTS 211D FILIIIG B 160.00'SF SDNR(!1) 3.21 93.50 500.76 594.26 2750.00 513.60 ----------- 513.60 RESIDENCE SIDE 000004666704 1600 CAPITAL CO 1609 ROYAL MILE ARLIt(GTON TY 76015 BLIP 31 LOT 9 ENGLENOOD HEIGHTS 2XD FILIIIG B 176.00'SF SDNR(b) 3.21 564.96 564.96 RESIDENCE -2- I~SSESS~MElfT 487.92 594.26 513.60 564.96 `~ CiTKBR i LEGAL DESCRIPTIQN --------- t0!IIIMG PBONTI-GE ------ -------- FATE ---- 11MOTJNT ASSESSKENT ------ ---------- ---------------- ENGLENOOD HEIGHTS 21TD FILING SOTJT'H SIDE 000000869260 C/0 MELINDA BARITES LETTIE CRAYTON 2301 EGYPTIAN WAY B 50.00'PAVH~tER? 43.53 2176.50 GRAND PRAIRIE TX 75050 50.00'CURB 3.41 170.50 BLR 31 LOT 10 200.00'SF SDITIC(N) 3.21 642.00 -------------- 2989.OU APPRAISAL 2750.00 2750,00 VACANT LOT -------------------------- ENGLEiT00D HEIGHTS -- ------------------ 21TD lILING ------- 80UTH SIDE 000000869261 C/0 ltELINDA BARNES LETTIE CRAYTON 2301 EGYPTIAN iTAY B GRAND PRAIRIE TX 75050 SO.00'CTTRB 1.87 93.50 BLR 31 LOT 11 220.00'SF SDiTK(N) 3.21 706.20 -------------- 799,.70 APPRAISAL 2750.00 RESIDENCE 799.70 -3- ,. sirsaoc~s ava~va ?he 1laaeaament Paviaq Policy as revised July 28, 1987 (MbC G-7160), provides that. property coned and used as one or txo-family residential property rill not be aaaeaaed for street reconstruction {escept for niasia9 curb, gutter, drivexay approaches and sidewalks, if added). Onder this policy, the owners of the folloxiaq improved property soned and used as one and two-family residences rill sot be assessed. IGLEii00D HEIGSTS 11DDISI011 Block 24 Lots 1, 2, 4, 5, 6, 7 Block 31 Lot 8 -4- ~'a .~ lITZHD(~ avS~E DEVELOPHR COllTRIBII?I011 The Dort north Independent School District esecuted Community facilities agreement No. 16429 on Kay 24, 1988, for Crenshaw avenue roadway improvements adjacent to the D. McRae Elementary School, Englexood Heights addition, Lot 3R, Block 23. a deposit in the amount of 5114,481.90 rill be paid prior to the Contract axard. b ,~ -5- .Y FITZHUGH AVENUE, PROJECT N0. 90-136072-00 (BISHOP STREET TO CAMPBELL STREET) COST DISTRIBUTION' A. PROPERTY OWNER BY ASSESSMENT . ... ...... ....... .$ 24,878.44 B. DEVELOPER CONTRIBUTION ......... .............. $ 114,481.50 C FORT WORTIi CITY. .. ...................$ 112,983.58 C.1 Construction .. ......... .. .. .$ 90,043.26 C 2 Enqr. Insp./Administration.... .. .$ 22,940.32 (10$ of Estimate $ 229,403.20) D. TOTAL ESTIMATED PROJECT COST ..............................$ 252,343.52 NOTE: THIS PORTION OF FITZHUGH AVENUE WAS CONSTRUCTED IN 1940. CITY POLICY INDICATES THAT IF STREET IS OVER 35 YEARS OLD, NO CREDIT IS APPLIED TO PROPERTY OWNERS ABUTTING SUCH STREET. -6- ~. BH-19 Found enhancements on f ollowing properties to be less than indicated and levied these assessments as follows• Lot 3, Block 24, Englewood Heights Addition -assessed at $1,000 00 Lots 1, 2, 3, and 4, Block 31, Englewood Heights Addition -assessed at $6,568 00 Lot 10, Block 31, Englewood Heights Addition -assessed at $1,642.00 MASfEH F14E-1 :. .R,~a ACCOUNt11At~•2 - ~ity of 1Fort~ Worth, texas 1'RANSPORTATION~PUBLIC WORK~SA,(~ ~/7// ]f N~rER AOMINIS1RA710N 1 J\\/// ~%l//J) p~Ii1° ~/I171 ~y ~®~11 /l /1V11 ~~1 // ~®~11~1/11 ~V11~11 /11 /l ~11~11 ~) ~~/_~~j ®~ LAw.l V'11 I~~Ij/~IL11/ l/ // INILIV ((it(/ (/ 1!i ((~ ltV/ w (/ // ~ // // ((~ ~j/ // ~ W `~+vi lL~ W ~(~f~ !/ DATE REFERENCE SUBJECT: IStIVtf 1 I FitHKllVti A-UK llit PAS NUMBER ASSESSMENT PAVING OF FITZHUGH 6-12-90 BH-0019 AVENUE FROM BISHOP STREET TO 1°f (PROJECT N0. 90-136072-00) RECOMMENDATION: It is recommended that the City Council adopt an ordinance closing the benefit hearing and levying assessments as proposed, acknowledging that in each case the abutting property is specially benefited by enhanced value in excess of the amount assessed for the improvement of Fitzhugh Avenue from Bishop Street to Campbell Street. DISCUSSION: The Fort Worth Independent School District has made major improvements to the D. McRae Elementary School, and improvements to Fitzhugh Avenue abutting the school site are considered essential. Community Facilities Agreement No. 16429 has been executed by the Fort Worth ISD, owner of 50~ of the adjacent property. Although Fitzhugh Street is in a target area, it is nat part of the 1986 Capital Improvement Program, and no CDBG funds are available to finance the street construction. Fitzhugh Avenue has been previously constructed to City standards; therefore, property zoned and used for one- and two-family residences is not being assessed except for missing curb, gutter, driveway approaches, and sidewalks. On May 15, 1990 (M&C G-8597), the City Council established June 12, 1990, as the date of the benefit hearing. Notices have been given in accordance with Article 1105b, Vernon's Annotated Civil Statutes. The project is located in Council District 5. PROPOSED LMPROVEMENTS: _~~.~ .„~ It is proposed~~to improve this segment of Fitzhugh Avenue by constructing six-inch thick reinforced concrete pavement with seven-inch high attached concrete curb on a six-inch thick lime stabilized subgrade so that the finished roadway will be forty feet wide on a fifty-five foot right-of-way. Six-inch thick concrete driveway approaches and four-inch thick concrete sidewalks will be constructed where specified on the plans. ~' ,. , - ,,,.. A o~~~ DATE REFERENCE suB.tECT BENEFIT HEARING FOR THE PnGE NUMBER ASSESSMENT PAVING OF FITZHUGH 2 2 6-12-90 BH-0019 AVENUE FROM BISHOP STREET TO °`-~- - ELL STREET, (PROJECT N0. 90-136072-00) ASSESSMENTS• An independent appraiser has advised the staff as to the amount of enhancement to property values that will result from the proposed improvements. Based on standard City policy, the City Engineer's estimate and the advice of the independent appraiser, the cost of the construction has been computed at $24,878.44 (10%) for the pro perty owners, $114,481.50 (45%) for Fort Worth ISD and $112,983.58 (45%) for the City ;~f Fort Worf>>F, at large. The independent appraisal substantiates that, a~ a result of the proposed construction, each parcel of adjacent property will be eeihanced in value by an amount equal to or greater than the proposed assessmento MG:w/6 APPROVED BY CITY COUNCIL JUN 2R 1990 lei 9~~awd.~._ City Secretary of the City of Fort Worth, Texas SUBMITTED FOR THE CITY MANAGER'S OFFICE BY Mike Groomer 6122 DISPOSITION BY COUNCIL. ^ APPROVED PROCESSED BY ORIGINATING OTHER (DE RISE) DEPARTMENT HEAD Gary Santerre 7801 ITV SECRETARY FOR ADDITIONAL INFQ~M TON CONTACT 1•lar~~a Lunday 8063 4 A(IO te~. ' DATE