HomeMy WebLinkAboutOrdinance 10682.. ,--
ORDINANCE NO ~~~
AN ORDINANCE CLOSING HEARING AND LEVYING ASSESSMENTS
FOR THE COST OF CERTAIN IMPROVEMENTS AND/OR SERVICES TO
BE PROVIDED IN FORT WORTH IMPROVEMENT DISTRICT NO 3
DURING FISCAL YEAR 1990-T991, FIXING CHARGES AND LIENS
AGAINST PROPERTY IN THE DISTRICT AND AGAINST THE OWNERS
THEREOF, PROVIDING FOR THE COLLECTION OF SUCH ASSESS-
MENTS, RESERVING UNTO THE CITY COUNCIL THE RIGHT TO
ALLOW CREDITS REDUCING THE AMOUNT OF THE RESPECTIVE
ASSESSMENT TO THE EXTENT OF ANY CREDIT GRANTED;
DIRECTING THE CITY SECRETARY TO ENGROSS AND ENROLL THIS
ORDINANCE; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City Council of the City of Fort Worth, Texas,
has heretofore directed that certain improvements and/or services
(the "Improvements") shall be provided in the Fort Worth Improve-
ment District No 3 during the 1990-1991 fiscal year; and
WHEREAS, the District consists of the area primarily along
Lancaster and Vickery between Henderson and I-35 as more par-
ticularly described in a boundary description and map on file in
the Office of the City Secretary; and
WHEREAS, the improvements to be provided and the costs
thereof are as follows•
FOR FY 1990-1991
Proposed
Total Total
Cost Assessment
1. Services
a Planning program $22,429 $9,694
b Marketing program 30,387 13,132
c Management program 2,371 1,025
$55,187 $23,851
(100) (43~)
2 Reimbursement to SENCA
for Advanced Funding 65 000 65 000
5120,187 $88,851
3 City Administration Fee (1~) 897 897
$121,084 $89,748
4 Contingency {Assumes 100 184 184
Collection)
$121,268 $89,932
-1-
.i'
-.A ~
.t~ _...
WHEREAS, the improvements
improvement and assessment plan
Council on September 11, 1990,
the City Secretary, and
are fully described in a service,
which was adopted by the City
and is on file in the Office of
WHEREAS, the improvements shall be provided by SENCA under a
contract with the City of Fort Worth
WHEREAS, $89,932 of the cost of the improvements shall be
assessed against property located in the district and the owners
of the property; and
WHEREAS, the assessments shall be based on the value of each
parcel on January 1, 1990, as determined by the City Council,
using a formula outlined in the petition which established the
district, including the value of structures or other improve-
ments, with the assessment on each parcel to be determined by
applying a rate of 43 cents for each $100 of property value, and
WHEREAS, the City Manager has filed with the City Secretary
a proposed assessment roll and an estimate of the assessments
against each parcel, and
WHEREAS, such proposed assessment roll was approved and
adopted by the City Council of the City of Fort Worth, and a time
and place was fixed for a hearing and the proper notice of the
time, place and purpose of said hearing was given and said
hearing was had and held at the time and place fixed therefor,
to-wit, on the 2nd day of October, 1990, at 7 00 p m in the
Council Chamber in the City Hall in the City of Fort Worth,
Texas, and at such hearing various protests and objections were
made, and all desiring to be heard were given full and fair
opportunity to be heard, and the City Council of the City having
fully considered all proper matters, is of the opinion that the
said hearing should be closed and 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
Said hearing be, and the same is hereby, closed and the said
protest and objections, and any and all other protests and objec-
tions, whether herein enumerated or not, be and the same are
hereby, overruled
II
The City Council, from the evidence, finds that the assess-
ments herein levied should be made and levied against the
respective parcels of property in the district and against the
owners of such property, and that such assessments and charges
are right and proper and are substantially in proportion to the
benefits to the respective parcels of property by means of the
-2-
improvements in the district for which such assessments are
levied, and establish substantial justice and equality and
uniformity between the respective owners of the respective
properties, and between all parties concerned, considering the
benefits received and burdens imposed, and further finds that in
each case the property assessed is specially benefited in
enhanced value to the said property by means of the said
improvements in the district and for which assessment is levied
and charge made, in a sum in excess of the said assessment and
charge made against the same by this ordinance, and further finds
that the apportionment of the cost of the improvements is in
accordance with the law in force in this City, and the
proceedings of the City theretofore had with reference to said
improvements, and is in all respects valid and regular The City
Council, from the evidence, further finds that the values of the
respective parcels of property on January 1, 1990, as shown in
Exhibit "A" which is attached hereto and made a part hereof, are
true and correct
III
There shall be, and is hereby, levied and assessed against
the parcels of property described in Exhibit "A" which is
attached hereto and made a part hereof, and against the real and
true owners thereof (whether such owners be correctly named
herein or not}, the sums of money itemized in Exhibit "A" in the
column titled "Annual Assessments ($ 43 applied to District
Proposal)", opposite the description of the respective parcels of
property and the several amounts assessed against the same, and
the owners thereof, as far as such owners are known.
IV
Where more than one person, firm or corporation owns an
interest in any property described herein, each said person, firm
or corporation shall be personally liable only for its, her or
his pro rata of the total assessment against such property in
proportion as its, his or her respective interest bears to the
total ownership of such property, and its, his or her respective
interest in such property may be released from the assessment
lien upon payment of such proportionate sum
V
The several sums above mentioned and assessed against the
said parcels of property, and the owners thereof, and interest
thereon at the rate of ten percent (10~) per annum, together with
reasonable attorney's fees and costs of collection, if incurred,
are hereby declared to be and are made a lien upon the respective
parcels of property against which the same are assessed, and a
personal liability and charge against the real and true owners of
such property, whether such owners be correctly named herein or
not, and the said liens shall be and constitute the first
enforceable lien and claim against the property on which such
assessments are levied, and shall be a first and paramount lien
-3-
r,-
thereon, superior to all other liens and claims, except State,
County, School District and City ad valorem taxes. A copy of
this ordinance may be filed with the County Clerk of Tarrant
County, Texas, and when so filed shall constitute complete and
adequate legal notice to the public concerning the liens hereby
assessed against the respective parcels of property and the
owners thereof
The sums so assessed against the respective parcels of
property and the owners thereof shall be and become due and
payable as follows, to-wit: The assessments shall be payable on
or before January 31, 1991, and shall become delinquent if not
paid by February 1, 1991 The entire amount assessed against
each parcel of property shall bear interest from and after
February 1, 1991, at the rate of 10~ per annum until paid.
VI
If default shall be made in the payment of any assessment,
collection thereof shall be enforced by suit in any court of
competent jurisdiction, and said City shall exercise all of its
lawful powers to aid in the enforcement and collection of said
assessments.
VII
The total amount assessed against the respective parcels of
property, and the owners thereof, is in accordance with the
proceedings of the City relating to said improvements and assess-
ments thereof, and is less than the proportion of the cost
allowed and permitted by the law in force in the City
VIII
Although the aforementioned charges have been fixed, levied,
and assessed in the respective amounts herein stated, the City
Council does hereby reserve unto itself the right to reduce the
aforementioned assessments by allowing credits to certain
property owners where deemed appropriate Notwithstanding the
City Council has herein reserved the right to issue credits, it
shall not be required to issue credits, and will not do so, if
same would result in any inequity and/or unjust discrimination
The principal amount of each of the several assessments
levied by the City of Fort Worth, Texas, as hereinafter provided,
shall be fixed and determined by deducting from the amount of any
assessment herein levied such amount or amounts, if any, as may
hereafter be allowed by the City Council as a credit against the
respective assessments
-4-
IX
Full power to make and levy reassessments and to correct
mistakes, errors, invalidities or irregularities, in the assess-
ments, is in accordance with the law in force in this City,
vested in the City
X.
All assessments levied are a personal liability and charge
against the real and true owners of the property described,
notwithstanding such owners may not be named, or may be
incorrectly named
XI
In any suit upon any assessment or reassessment, it shall
sufficient to allege the substance of the provision recited in
this ordinance and that such recitals are in fact true, and
further allegations with reference to the proceedings relating
such assessment or reassessment shall not be necessary.
XII
The assessments levied are made and levied under and by
virtue of the terms, powers and provisions of Chapter 372,
Subchapter A, Sections 372 001 et seq of the Local Government
Code (the Public Improvement District Assessment Act)
XIII
be
to
The City Secretary is hereby directed to engross and enroll
this ordinance by copying the caption of same in the Minute Book
of the City Council of Fort Worth, Texas, and by filing the
complete Ordinance in the Ordinance Records of said City
XIV
This ordinance shall take effect and be in full force and
effect from and after the date of its passage and it is so
ordained
PASSED AND APPROVED this ~~ day of l~ CiUO L~-(/t/ 1990
APPROVED AS TO FORM AND LEGALITY
City Attorney
Date
-5-
5
EXHIBIT "A"
IMPROVEMENT DISTRICT N0. 3 PROPOSED ASSESSMENT ROLL
Annual Annual
Assessments Value Liable Assessments
TAB Roll (x.43 applied to for Assess. ($.43 applied to
ACCOUNT Value TAD Roll Values) (District Proposal? (District Proposal)
0434-62-4b-90
Air Condition Supply 208,443 896.30 0 .00
014S-08-83-90
Jewel Hrady 44,364 190.77 44,364 190.77
0145-08-91-90
Jewel Brady 16,555 71..19 16,555 71.19
0144-95-16-90
Hrock Hotel 296,920 1,276.76 296,920 1,276.76
0310-37-14-90
Carter Public. 370,433 1,592.86 370,433 1,592.86
0379-17-93-90
Champion Pts. 2,528,202 10,871.27 376,551 1,619.17
0379-i7-77-90
Dickie ~ Williamson 1,629,401 7,006.42 175,110 752.97
0467-83-89-90
Dickie & Williams 80,550 346.37 80,550 346.37
0467-83-97-90
Dickie 8~ Williams 12,950 55.69 12,950 SS.b9
0467-84-00-90
Dickie & Williams 12,950 55.69 12,950 55.69
0144-95-b7-90
City of FW 0 .00 0 .00
0068-72-35-90
City of FW ROW 501 2.iS 0 .00
0434-b2-38-90
ben. Indust. Supp. 201,134 864.88 0 .00
0068-71-70-90
Larry Goodwin 364,750 1,568.43 3br+,750 1,568.43
~,
Annual Annual
Assessments Value Liable Assessments
7AD Roll (x.43 applied to for Assess. t~.43 applied to
ACCOUNT Value TAD Roll. Values) (District Proposal) (District Proposal?
0465-45-87-90
Martha Leonard 770,477 3,313.05 58,500 251.55
0145-07-86-90
Justin & Son 42,093 181.00 42,093 181.00
0144-96-99-90
Rentz 33,511 144.10 33,511 144.10
0144-97-02-90
Dowdy 46,423 199.62 46,423 199.62
0145-07-78-90
Justin Boot 405,458 1,743.47 405,458 1,743.47
0145-08-08-90
Justin Boot 24,145 103.82 24,145 103.82
0641-63-65-90
Justin Hoot 1,454,030 6,252.33 1,454,030 6,252.33
0144-96-80-90
Justin Industries 390,202 1,677.87 390,202 1,677..87
0145-07-94-90
Justin Industries 13,779 59.25 13,779 59.25
0145-08-32-90
Justin Industries 27,163 116.80 27,163 116.80
0145-09-56-90
Justin Industries 13,900 59.77 13,900 59.77
0145-09-64-90
Justin Industries 13,900 59.77 13,900 59.77
0068-71-89-90
Larry's Shoes 203,278 874.1.0 203,278 874.10
0379-1.8-66-90
Maradine 311,302 1,338.60 311,302 1,338.60
Annual Annual
Assessments Value Liable Assessments
TAD Roll (x.43 applied to for Assess. (x.43 applied to
ACCOUPIT Value TAD Roll Values) (District Proposal) (District Proposal)
0379-17-85-90 ~-
Richard May 662,239 2,847.63 613,122 2,636.42
0068-72-19-90
Meekins 550,000 2,365.00 550,000 2,365.00
0379-19-55-90
Missouri Imp. Co. 2,170,042 9,331.18 2,170,042 9,331.18
0467-85-59-90
Justin & Son 30,144 129.62 30,144 129.62
0145-08-16-90
Justin & Son 13,250 56.98 13,250 Sb.98
0145-08-24-90
Justin & Son 19,875 85.46 19,875 85.46
0145-08-40-90
Justin & Son 69,542 299.03 69,542 299.03
0145-08-59-90
Justin ~ Son 25,125 108.04 25,125 108.04
0145-08-75-90
Justin & Son 11,688 50.26 11,688 50.26
0145-09-48-90
Justin & Son 13,900 59.77 13,900 59.77
0145-09-72-90
Justin & Son 17,150 73.75 17,150 73.75
0145-09-80-90
Justin & Son 13,900 59.77 13,900 59.77
0150-14-29-90
Harmony 1,657,020 7,125.19 1,657,020 7,125.19
0379-18-31-90
Morrison Supply 741,1,47 3,1,86.93 607,595 2,612.66
0467-85-32-90
Justin & Son 11,420 49.11 11,420 49.11
i
Annual Annual
Assessments Value Liable Assessments
TAD Roll (x.43 applied to for Assess. ($.43 applied to
ACCOUNT Value TAD Roll Values) (District Proposal) (District Proposal)
0623-64-OS-90
Justin & Son 12,584 54.11 12,584 54.11
0434-62-62-90
Regal Glass 152,402 655.33 0 .00
0580-61-78-90
Star Telegram 127,800 549.54 127,800 549.54
0379-19-63-90
T8~P Partners 3,832,245 16,478.65 3,832,245 16,478.65
0470-Ob-43-90
TAH 1,385,816 5,959.01 1,161,555 4,994.69
0567-72-70-90
Texas Drug 162,042 696.78 5,076 21.83
0567-72-89-90
Texas Drug 243,324 1,046.29 243,324 1,046.29
0434-58-43-90
Union Pacific. 543,410 2,336.66 301,642 1,297.06
0595-98-29-90
Union Pacific 2,518,639 10,830.15 363,290 1,562.15
0144-96-64-90
Vickery/Hemphill JV 41,438 178.18 41,438 178.18
0144-96-72-90
Vickery/Hemphill JV 302,165 1,299.31 302,165 1,299.31
0489-73-74-90
Williamson, Dickie 18,500 79.55 18,500 79.55
0144-96-21-90
Williamson, J. Don 551,956 ?_,373.41 551,956 2,373.41
0144-95-75-90
Williamson, Mary 990,322 4,258.38 990,322 4,258.38
Ob07-26-90-90
O'Hara, John Grady 2,350,000 10,105.00 2,350,000 10,105.00
CERTIFIED TOTALS 28,755,899 123,650.37 20,914,487 89,932.29
ACCOUNTS APPEALED TO APPRAISAL REVIEW BOARD
Annual Annual
Assessments Value Liable Assessments
TAD Roll t~.43 applied to for Assess (~ 43 applied to
ACCOUNT Value TAD Roil Values) (District Proposal) (District Proposal)
0379-18-07-89 ###
Dickie & Williamson 0 00 0 00
0150-14-37-89 ###
Harmony 0 .00 0 .00
0150-14-45-89 ###
Harmony 0 00 0 .00
0379-17-69-89 ###
World Service Life 0 00 0 00
FERREE & SEARCY, INC
T0:
FROM:
DATE:
Fort Worth City Council
Byron B. Searcy
September 20, 1990
RE: FORT WORTH IMPROVEMENT DISTRICT NO. 3 ENHANCEMENT REPORT
*~**********************~***~*~****************~r******~*******~**
Vic Suhm of Senca Real Estate Development Company has provided me
with the following information pertinent to the above referenced
Improvement District:
1) The Lancaster/Vickery plan booklet
2) The property owner petition to establish the District
3) Resolution No. 1547 establishing the District
4) The District Plan of Service
5) The District Budget and the Budget Summary and Forecast
6) The Enhancement Appraisal prepared by Pam Root from the city's
office of real property management for Mike E. Pyles
7) A report prepared by Robert Martin addressed the city
attorney, Mr. Wade Adkins
I have received this information for the purpose of providing you
with my opinion regarding the projected tax assessment of $0.43 per
$100 assessed valuation for real property within the District;
i.e., Will the implementation of the District service plan enhance
those properties within the district by an amount equal to, or
greater than, the proposed assessments?
The report prepared by your Department of Real Property Management
dated February 8, 1990, represents in my opinion a conservative
analysis of enhancement potential for the District. This report
projects a total enhancement of 12$ or 3~ per year for the four
year program, and this estimated rate of enhancement exceeds the
assessments.
Based on the obvious impetuous that the District is to provide for
higher categories of land use density, I believe this voluntary
effort by the property owners has strong justification in basic
land use economics and will represent a strong basis of support for
improving the ad valo-rem tax base for a large area of the city well
beyond the four year life of the District and well beyond the
boundaries of the District.
BBS/dfs
Commercial and Industrial Realtors
P.0. Box 1622 / 901 Penn Street
Fort Worth Texas 76101
(817) 335-7575 Metro 429 7847
FAX (817) 870-1911
QUALIFICATIONS OF BYRON B. SEARCY
Employment
Presently a partner in the real estate firm of FERREE & SEARCY,
INC., specializing in commercial and industrial sales and
leasing and real property appraisals. Ferree & Searcy, Inc. was
established in 1962.
Education
Graduate of University of Oklahoma with Bachelor's Degree in
Business Administration. Majored in Real Estate Finance and
Appraising with minor in Accounting.
Graduate of Texas Christian University with Master's Degree in
Liberal Arts.
Professional Organizations
Received the Fort Worth Board of Realtors' "Realtor of the Year"
award for the year 1967 and served as President of the
organization during 1970.
American Institute of Real Estate Appraisers - Designated "MAI",
Certificate Number 3978. Past president of local chapter.
Currently certified under the AIREA Voluntary Continuing
Education Program.
American Society of Real Estate Counselors - Designated "CRE"
(Counselor in Real Estate).
* * * * * * * * * * * *
The following is a list of some of the major clients I have
served as an independent fee appraiser and/or counselor:
J. C. Penney Co.
NCNB Texas
City of Fort Worth
Texas Electric Co.
Continental Oil Co.
Gulf Oil Co.
Coopers & Lybrand
Mobil Oil Corp.
Central Security Life
Insurance Co.
Texas American Bank
Federal Aviation Agency
Service Life Insurance Co.
Fina Marketing
The Western Co.
Summit National Bank
Texas Steel Co.
Meridian Savings Assoc.
Numerous law f firms- and
individuals
FORT WORTH IMPROVEMENT DISTRICT NO 3
ENHANCEMENT REPORT
ACCT/OWNER DESCRIPTION
ONE YEAR ANNUAL
TOT AV LND AV ENHANCEMENT ASSESSMENT
0068-71-70 Daggett Addition 364,750 00 363,750 00 10,912.50 1,568.43
Larry Goodwin Blk V Lots 1-6
0068-71-89 Daggett Addition 203,278 00 198,550.00 5,965.50 874 10
Larry's Shce Stores Blk V Lots 7-9
0068-72-19 Daggett Addition 550,000 00 519,825 00 15,594 75 2,365.00
D.R. Meekins Blk V Lots 23-24
0144-95-16 .Jennings East Ave. Addition 296,920.00 296,700 00 8,901 00 1,276.76
Brock Hotel Corp Blk 3 Lots 1-8 Less ROW
0144-9S-7S Jennings East Ave. Addition 990,322.00 685,654 00 20,569 62 4,258.38
Williamson Blk S Lots 10-21, 9B & 22B
O1S0-14-29 Frank Kent Subdivision 1,657,020 00 1,657,020.00 49,710 60 7,125 19
Harmony Realty Corp Blk 1 Lots 1 & 2
0379-19-SS John Childress Heus Survey 2,170,042.00 1,782,468 00 53,474.04 9,331 18
Missouri Imp Co. A 250 TR 4S
0379-19-63 John Childress Heirs Survey 3,832,245 00 827,640 00 24,829.20 16,478.65
T&P Partners, Ltd. A 250 TR 4S01
0607-26-90 Texas & Pacific Railway Reservatio 2,350,000 00 2,250,000 00 67,500 00 10,105 00
John G O'Hara Blk 17 Lots 1,2,3
OS80-61-78 Sarah G Jennings Survey 127,800 00 127,800 00 3,834 00 549.54
Star Telegram, Inc. A 844 TR 8A
0310-37-14 Texas & Pacific Addition 370,433 00 238,761 00 7,162.83 1,592.86
Wortham Carter Blk 16 Lots 6-8
OS67-72-70 Texas & Pacific Addition 5,076.00 * 5,076.00 • 152.28 21.83
Texas Drug Co. Blk 15 Lot A
OS67-72-89 Texas & Pack Addition 243,324 00 243,324 00 7,299 72 1,046.29
Texas Drug Co Blk 16 Lot A
OS9S-98-29 Sarah G Jemiings Survey 363,290 00 * 363,290 00 * 10,898 70 1,562.15
MOPAC A 844 TR 8
0379-18-31 John Childress Heirs Survey 607,595 00 * 272,861 00 * 8,185 83 2,612.66
Morrision Supply A 250 TR 4F
FORT WORTH IMPROVEMENT DISTRICT NO 3
ENHANCEMENT REPORT
ACCT/OWNER DESCRIPTION
ONE YEAR ANNUAL
TOT AV LND AV ENHANCEMENT ASSESSMENT
0465-45-87 John Childress Heirs Survey 58,500.00 * 58,500 00 * 1,755 00 251.55
Martha V Leonard, et al A 250 TR 4E
0379-18-66 John Childress Heirs Survey 311,302.00 84,942.00 2,548.26 1,338.60
Maradine Partnership A 250 TR 4G
0434-583 John Childress Heirs Survey 301,642.00 * 301,642.00 * 9,049.26 1,297 06
Union Pacific RR Co A 250 TR 4F01
0379-17-93 John Childress Heirs Survey 376,551 00 * 376,551 00 * 11,296.53 1,619 17
Champion Pts Rbldrs Inc. A 250 TR 4C03
0379-17-77 John Childress Heirs Survey 175,110 00 * 175,110.00 * 5,253.30 752.97
Williamson A 250 TR 4C01
0379-17-85 John Childress Heirs Survey 613,122.00 * 157,284 00 * 4,718.52 2,636.42
Richard R. May A 250 TR 4C02
0470-06~3 Sarah G Jennings Survey 1,161,555 00 * 734,357 00 * 22,030.71 4,994 69
Texas American Bank FTW A 844 TR 9B
0144-96-21 Jennings South Addition 551,956.00 62,975 00 1,889.25 2,373 41
Williamson Blk 1 Lt A-D Blk 1 Lt 1~
7-B E Smith Blk 1 Lt 11-12
Smith & Meade
0467-83-89 Smith & Meade Subdivision 80,550 00 68,750 00 2,062.50 346.37
Williamson Blk 1 Lots 1-10
0467-83-97 Eliza Smith Subdivision 12,950 00 11,550 00 346.50 55 69
Williamson Blk 1 Lot SA
0467-84-00 Eliza Smith Subdivision 12,950 00 11,550.00 346.50 55 69
Williamson Blk 1 Lot SB
0489-73-74 Eliza Smith Subdivision 18,500.00 16,500 00 495 00 79.55
Williamson Blk 1 Lot 6
0144-96-64 Jennings South Addition 41,438.00 35,063 00 1,051 89 178 18
Vickery Hemphill JV Blk 2 Lot 1
0144-96-72 Jennings South Addition 302,165 00 80,850 00 2,425.50 1,299.31
Vickery Hemphill JV Blk 2 Lots 2, 3A, SA & 6C
0144-96-80 Jennings South Addition 390,202.00 99,550 00 2,986.50 1,677 87
Justin Industries Inc. Blk 2 Lots 3B, 4 & SB
FORT WORTH IMPROVEMENT DISTRICT NO 3
ENHANCEMENT REPORT
ACCT/OWNER DESCRIPTION
ONE YEAR ANNUAL
TOT AV LND AV ENHANCEMENT ASSESSMENT
0144-96-99 Jennings South Addition 33,511 00 11,688 00 350 64 144 10
HG Henz, Jr Blk 2 Lot 6A
0144-97-02 Jennings South Addition 46,423 00 11,688.00 350 64 199 62
JH Dowdy Land Ptrshp Blk 2 Lot 6B
0641-63-65 Jennings South Addition 1,454,030 00 241,553 00 7,246.59 6,252.33
Justin Boot co Blk I8 Lots AR, B, C
0145-08-24 Jennings South Addition 19,875.00 16,875.00 506.25 85 46
H.7 Justin & Sons Inc. Blk 19 Lot lA
0145-08-16 Jennings South Addition 13,250.00 11,250 00 337.50 56.98
H.J Justin & Sons Inc. Blk 19 Lot 1B
0145-08-08 Jennings South Addition 24,145 00 11,250 00 337.50 103.82
Justin Boot Co Blk 19 Lot 1C
0145-07-86 Jennings South Addition 42,093 00 10,913 00 327.39 181 00
H J Justin & Son Inc. Blk 19 Lot ID
0145-07-94 Jennings South Addition 13,779 00 10,913 00 327.39 59.25
Justin Industries Inc. Blk 19 Lot lE
0145-08-32 Jennings South Addition 27,163 00 22,163 00 664 89 116.80
Justin Industries Inc. Blk 19 Lot 1F
0145-08-59 Jennings South Addition 25,125 00 23,375 00 701.25 108 04
H J Justin & Sons Inc. Blk 19 Lot 2A
0145-08-75 Jennings South Addition 11,688 00 9,563 00 286.89 50.26
H J Justin & Sons Inc. Blk 19 Lot 2B
0145-08-83 Jennings South Addition 44,364 00 25,795 00 773 85 190 77
Jewell Brady Blk 19 Lots 2C & 3A
0145-08-40 Jennings South Addition 69,542.00 55,742.00 1,672.26 299 03
H J Justin & Sons Inc. Blk 19 Lots 2D & 3B
0145-08-91 Jennings South Addition 16,555 00 16,555 00 496.65 71 19
Jewell Brady Blk 19 Lot 3C
0467-85-59 Jennings South Addition 30,144.00 25,596 00 767 88 129 62
!H J Justin & Sons Inc. Blk 19 Lots 3D & 3G
f.. 1` f
FORT WORTH IMPROVEMENT DISTRICT NO 3
ENHANCEMENT REPORT
ACCT/OWNER DESCRIPTION
ONE YEAR ANNUAL
TOT AV LND AV ENHANCEMENT ASSESSMENT
0467-85-32 Jennings South Addition 11,420 00 9,000 00 270 00 49 11
H J Justin & Sons Inc. Blk 19 Lot 3E
0623-64-OS Jennings South Addition 12,584 00 9,000 00 270 00 54 11
H J Justin & Sons Inc. Blk 19 Lot 3F
0145-09-48 Jennings South Addition 13,900.00 11,250 00 337.50 59 77
H J Justin & Sons Inc Blk 19 Lot 4A
0145-09-56 Jennings South Addition 13,900 00 11,250 00 337.50 59 77
Justin Industries Inc. Blk 19 Lot 4B
0145-09-64 Jennings South Addition 13,900.00 11,250.00 337.50 59 77
Justin Industries Blk 19 Lot 4C
0145-09-80 Jennings South Addition 13,900.00 11,250 00 337.50 59 77
H J Justin & Sons Inc Blk 19 Lot 4D
0145-09-72 Jennings South Addition 17,150.00 13,750 00 412.50 73 75
H J Justin & Sons Inc Blk 19 Lot 4E
0145-07-78 Jennings South Addition 405,458.00 145,125 00 4,353 75 1,743 47
Justin Boot Co. Blk 19 Lot A
* These AV amounts reflect reductions for pending ROW acquisitions for
the I-30 improvement project.
~~
DATE REFERENCE SUBJECT BENEFIT HEARING AND LEVYING PAGE
NUMBER ASSESSMENTS - IMPROVEMENTS AND/OR for 2
10-2-90 G-8839 SERVICES IN FORT WORTH IMPROVEMENT
DISTRICT N0. 3
RECOMMENDATION:
It is recommended that an ordinance be adopted closing the benefit hearing
and levying the assessments as proposed.
ORIGIN OF THE PROJECT:
On September 11, 1990 (M&C G-8796), the City Council of the City of Fort
Worth, Texas, has directed that certain improvements and/or services (the
"improvements") shall be provided in the Fort Worth Improvement District No.
3 during the 1990-1991 fiscal year. The District consists of the area pri-
marily along Lancaster and Vickery between Henderson and I-35 as more parti-
cularly described in a boundary description and map on file in the Office of
the City Secretary.
IMPROVEMENTS•
The improvements to be provided and the costs thereof are as follows:
FOR FY 1990-1991
Proposed
Total Total
Cost Assessment
1. Services
a. Planning program $22,429 $9,694
b. Marketing program 30,387 13,132
c. Management program 2 71 1.025
$55,187 $23,851
(100%) (43%)
2. Reimbursement to SENCA
for Advanced Funding 6 00 $65.000
$120,187 $88,851
3. City Administration Fee (1%) 897 897
$121,084 $89,748
4. Contingent (Assumes 100% 1 4 184
Collection $121,268 $89,932
The improvements are fully described in a service, improvement and assess-
ment plan which was adopted by the City Council on September 11, 1990, and
pity of Fort A worth, ~l"e.~occcs
DATE REFERENCE
NUMBER SUBJECT BENEFIT HEARING AND LEVYING PAGE
2 2
ASSESSMENTS - IMPROVEMENTS AND/OR
10-2-90 G-8839 SERVICES IN FORT WORTH IMPROVEMENT --- of_._._
N .
is on file in the Office of the City Secretary. The improvements will be
provided by SENCA, under a contract with the City of Fort Worth.
PROJECT COST AND FINANCING:
The Plan of Services and Budget adopted was based on an estimated $89,748 of
assessments. Closer study of the certified valuations and reductions
according to the formula in the petition revealed that 100% collection of
the assessments would total $89,932.29. It is staff's proposal that the
difference between the amount shown in the adopted budget and the actual
assessments collected, assuming 100% collection, become contingency funds.
Therefore, a total of $89,939.29 shall be assessed against property located
in the district and the owners of the property. The assessments shall be
based on the value of each parcel on January 1, 1990, as determined by the
City Council according to a formula outlined in the petition, including the
value of structures or other improvements, with the assessments on each par-
cel to be determined by applying a rate of 43 cents for each $100 of
property value. The City Manager has filed with the City Secretary a pro-
posed assessment roll and an estimate of the assessments against each
parcel.
Based on the appraised value of the property, considering the benefits to be
received from the proposed improvements, it is the opinion of SENCA that
each parcel of property will be enhanced in value by an amount equal to or
more than the proposed assessment upon completion of the improvements in
accordance with the contract.
Notice of the public hearing was made in accordance with State law.
Following the hearing, the assessments shown on the attached proposed assess-
ment roll, if approved and accepted by the City Council, will be levied
against properties and the owners thereof. Such assessments shall consti-
tute a first and prior lien upon such properties and a personal liability of
the real and true owners thereof and shall be payable on or before January
31, 1991. Accounts will become delinquent if not received by February 1,
1991. The entire amount assessed against a parcel of property shall bear
interest from and after the first day of February, 1991, at the rate of 10
percent per annum until paid.
DAI:c
021evydist3
Attachment: Ordinance
Proposed Assessment Roll (Exhibit "A")
SUBMITTED FOR THE
O'FFICEABY GER'S Ruth Ann Mc Kinney 6125 DISPOSITION BY COUNCIL.
APPROVED
^ PROCESSED BY
ORIGINATING ^ OTHER (DESCRIBE)
DEPARTMENT HEAD• TO(Tl Hi ggi nS 6192 CITY SECRETARY
FOR ADDITIONAL INFORMATI~nn Di vel ey 6130
CONTACT )
~
DATE
,.... ~