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Home My WebLink AboutOrdinance 22398-09-2016 ORDINANCE NO.22398-09-2016 AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 1 — DOWNTOWN FUND IN THE AMOUNT OF $44,883.00 AND DECREASING THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 1 — DOWNTOWN FUND UNAUDITED, UNASSIGNED FUND BALANCE BY THE SAME AMOUNT, FOR THE PURPOSE OF FUNDING THE FISCAL YEAR 2016-2017 ANNUAL OPERATING BUDGET; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL 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 2016-2017 in the Budget of the City Manager,there shall also be increased appropriations in Fort Worth Public Improvement District 1 — Downtown Fund in the amount of $44,883.00, and decreasing the Fort Worth Public Improvement District 1 —Downtown Fund unaudited, unassigned fund balance by the same amount, for the purpose of funding the Fiscal Year 2016-2017 annual operating budget. SECTION 2. That should any portion, section or 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, 2016, and ending September 30, 2017, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. APPROVED AS TO FORM AND LEGALITY: aleshia er,Assistant City Attorney ary J r, Secretary ADOPTED AND EFFECTIVE: September 13,2016 Ordinance No.22398-09-2016 Page 1 of 1 City of Fort Worth Five Year Service Plan Public Improvement District No.1 -Fort Worth FY16/17 FY17/18 FY18/19 FYI 9120 FY20/21 REVENUES PID Assessments $1,896,000 $1,933,920 $1,972,598 $2,012,050 $2,052,291 COFW Assessment 204,000 208,080 212,242 216,486 220,816 COFW Payment in lieu of Services 144,126 147,009 149,949 152,948 156,007 PID Generated Revenue 124,641 127,134 129,676 132,270 134,915 Budget Revenues $2,368,767 $2,416,142 $2,464,465 $2,513,754 $2,564,030 Use of Fund Balance 44,883 45,781 46,696 47,630 48,583 Total Revenues $2,413,650 $2,461,923 $2,511,161 $2,561,385 $2,612,612 EXPENSES Management Fee 310,400 316,608 322,940 329,399 335,987 Water 13,000 13,260 13,525 13,796 14,072 Utilities 12,500 12,750 13,005 13,265 13,530 Landscaping 116,997 119,337 121,724 124,158 126,641 Trash Removal 1,194,500 1,218,390 1,242,758 1,267,613 1,292,965 Holiday Light/Deco 35,000 35,700 36,414 37,142 37,885 Security 65,200 66,504 67,834 69,191 70,575 Communications/Newsletters 7,500 7,650 7,803 7,959 8,118 Marketing&Research 389,650 397,443 405,392 413,500 421,770 Transportation&Planning 203,570 207,641 211,794 216,030 220,351 Insurance 5,600 5,712 5,826 5,943 6,062 Annual Review 14,850 15,147 15,450 15,759 16,074 City Administration Fee 44,883 45,781 46,696 47,630 48,583 Total Expenses $2,413,650 $2,461,923 $2,511,161 $2,561,385 $2,612,612 FORTWORTH Downtown Public Improvement District Arl- if Al el- b o 2 Ilk r .+ . •' w i - : , WHITE SETTLEMENT �4' yip 4 5; Fa. ' f 1 77 H K i ,1T 1H - TFX S 04 zl 4$ : 1 y LAN-I SE r ■ y :,i v I r. � '' Its \ —, k - - -- �„'IH,.!'�-,�°�}`F6+�I�j jr.4'1f..L� NES. 7 r", LEGEND PID 1 - DOWNTOWN o+ 0 0.125 0.25 0.5 Miles P oust 19 2014 COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THIS PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PREPARED FOR OR BE SUITABLE FOR LEGAL, ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENT AN ON-THE-GROUND SURVEY AND PRESENTS ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE CITY OF FORT WORTH ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA. City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/13/2016 - Ordinance No. 22397-09-2016, 22398-09-2016 & 22399-09-2016 DATE: Tuesday, September 13, 2016 REFERENCE NO.: BH-348 LOG NAME: 13PBD PID1 FY17 SUBJECT: Conduct a Public Benefit Hearing for Public Improvement District 1, Downtown PID, Approve Fiscal Year 2016-2017 Budget and Five-Year Service Plan in the Amount of$2,413,650.00, Approve Tax Year 2016 Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2016 Tax Year, Adopt Ordinance Increasing Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 1 - Downtown Fund in the Amount of$2,368,767.00, Adopt Ordinance Increasing Appropriations in the Fort Worth Public Improvement District 1 - Downtown Fund in the Amount of$44,883.00, and Reducing Unaudited, Unassigned Fund Balance by the Same Amount, and Authorize Execution of an Agreement with Downtown Fort Worth, Inc., in the Amount of$310,400.00 to Manage the District (COUNCIL DISTRICT 9) RECOMMENDATION: It is recommended that the City Council: 1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Public Improvement District 1, Downtown Public Improvement District for the 2016 tax year; 2. Approve the attached Fiscal Year 2016-2017 Budget and Five-Year Service Plan for the Downtown Public Improvement District in the amount of$2,413,650.00; 3. Approve the Tax Year 2016 Assessment Roll for the Downtown Public Improvement District; 4. Adopt the attached ordinance levying special assessments on the property located in the Downtown Public Improvement District for the 2016 tax year; 5. Adopt the attached ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 1 - Downtown Fund in the amount of$2,368,767.00 from available funds; 6. Adopt the attached ordinance increasing appropriations in the Fort Worth Public Improvement District 1 - Downtown Fund in the amount of $44,883.00, and reducing the unaudited, unassigned fund balance by the same amount; and 7. Authorize the execution of an Agreement with Downtown Fort Worth, Inc., in the amount of $310,400.00 to provide management and improvement services for the Downtown Public Improvement District during Fiscal Year 2016-2017. DISCUSSION: On June 23, 2009, (M&C C-23627) the City Council adopted Resolution No. 3756-06-2009 re-establishing Logname: 13PBD PIDlFY17 Pagel of 3 Fort Worth Public Improvement District 1 (Downtown PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2016-2017 Fiscal Year Budget and Five-Year Service Plan for the PID and the proposed assessments to be levied on each property in the PID for the 2016 tax year. Following the public hearing, it is recommended that the City Council approve the Tax Year 2016 Assessment Roll for the PID, approve the attached Budget and Five- Year Service Plan, adopt the attached ordinance levying the special assessments, and adopt the appropriation ordinances increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 1- Downtown Fund. On August 30, 2016, the City Council conducted a public hearing (M&C 13PBO PlD1 FY17 BENEFIT) to receive comments on the proposed 2016-2017 Fiscal Year Budget and Five-Year Service Plan for the PID. Notice of this benefit hearing was published in the Fort Worth Star Telegram and mailed to all record owners of property in the Downtown PID, in accordance with state law. The improvements and services to be provided in the PID during the 2016-2017 Fiscal Year and the costs thereof are as follows: Improvements Total Budgeted Costs Management Fee F$ 310,400.00 Water $ 13,000.00 Utilities �$ - 12,500.00 Landscaping $ 116,997.00 Trash Removal ( $ 1,194,500.00 Holiday Light/Deco 1$ 35,000.00 Security F$ 65,200.00 Gommunications/Newsletters$ — 7,500.00 Marketing & Research $ 389,650.00 Transportation & Planning $ 203,570.00 Insurance $ _ 5,600.00 Annual Review �$ 14,850.00 City Administration Fee 1$ 44,883.00 Total Expenses $ 2,413,650.00 The total budgeted costs of the improvements are in the amount of $2,413,650.00. Of this amount, $1,896,000.00 will be funded by assessments collected on privately owned parcels located in the PID by applying a rate of $0.10 to each $100.00 of property value. The remainder of the costs in the amount of $517,650.00 will be funded by other revenue sources including: an amount equal to $204,000.00 in direct payments from the City for Payment In-Lieu of Assessments, an amount equal to $144,126.00 in direct payments from the City for Payment In-Lieu of Services, an amount equal to $124,641.00 in revenues generated by PID activities, and an amount equal to $44,883.00 transferred from unaudited, unassigned fund balance. The Downtown PID is located in COUNCIL DISTRICT 9. FISCAL INFORMATION / CERTIFICATION: Logname: 13PBD PIDlFY17 Page 2 of 3 the Fiscal Year 2016-2017 Budget by the City Council, funds will be available in the Fiscal Year 2017 operating budget, as appropriated, of the Fort Worth Public Improvement District 1 - Downtown Fund. FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year Chartfield 2 FROM Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year Chartfieid 2 CERTIFICATIONS: Submitted for City Manager's Office by: Susan Alanis (8180) Originating Department Head: Lynda Johnson (6222) Additional Information Contact: David Reitz (7807) Logname: 13PBD PIDIFY17 Page 3 of 3