HomeMy WebLinkAboutOrdinance 22409-09-2016 ORDINANCE NO.22409-09-2016
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE FISCAL YEAR 2016-2017 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 11 —
STOCKYARDS FUND IN THE AMOUNT OF $84,291.00, FROM AVAILABLE FUNDS,
CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL
ASSESSMENTS FOR THE 2016 TAX YEAR, FOR THE PURPOSE OF PROVIDING
MANAGEMENT AND IMPROVEMENT SERVICES FOR THE STOCKYARDS PUBLIC
IMPROVEMENT DISTRICT DURING FISCAL YEAR 2016-2017; 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 estimated receipts and appropriations in the Fiscal Year 2016-2017 Fort Worth
Public Improvement District 11 — Stockyards Fund in the amount of$84,291.00, from available funds, contingent upon the
adoption of the ordinance levying special assessments for the 2016 Tax Year, for the purpose of providing management and
improvement services for the Stockyards Public Improvement District during Fiscal Year 2016-2017.
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appropriations are hereby expressly repealed.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:
Maleshia F er,Assistant City Attorney Mary J Secretary
ADOPTED AND EFFECTIVE: September 13,2016
Ordinance No.22409-09-2016
Page 1 of 1
City of Fort Worth
Five Year Service Plan
Public Improvement District No.11-Stockyards
FY16117 FY17118 FY18119 FY19/20_ FY20121
REVENUES
PID Assessments $74,691 $81,413 $88,539 $96,092 $105,432
PID Generated Revenue 9,600 9,600 11,000 12,000 13,000
Budget Revenues $84,291 $91,013 $99,539 $108,092 $118,432
EXPENSES
Management Fee 14,938 16,283 17,708 19,218 21,086
Litter Abatement&Maintenance 10,200 11,500 11,500 13,500 13,500
Public Events 19,000 18,000 21,000 23,000 26,000
Insurance 700 700 1,000 1,000 1,000
Website&Other Marketing 37,000 40,700 44,770 49,250 54,170
City Administrative Fee 2,000 2,000 2,000 2,000 2,110
Budget Expenses $83,838 $89,183 $97,978 $107,968 $117,866
Contribution to Fund Balance 453 1,831 1,561 124 566
Total Expenses $84,291 $91,013 $99,539 $108,092 $118,432
FORT WORTH.
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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 SURVEYAND 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. 22408-09-2016 & 22409-09-
2016
DATE: Tuesday, September 13, 2016 REFERENCE NO.: BH-352
LOG NAME: 13PBD PID11FY17
SUBJECT:
Conduct a Public Benefit Hearing for Public Improvement District 11, Stockyards PID, Approve Fiscal Year
2016-2017 Budget and Five-Year Service Plan in the Amount of$84,291.00, 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 11 -
Stockyards Fund in the Amount of$84,291.00, and Authorize Execution of an Agreement with Stockyards
Preservation Foundation of Fort Worth, Inc., in the Amount of$14,938.00 to Manage the District (COUNCIL
DISTRICT 2)
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 11, Stockyards Public Improvement District for the 2016 tax year;
2. Approve the attached Fiscal Year 2016-2017 Budget and Five-Year Service Plan for the Stockyards
Public Improvement District in the amount of$84,291.00;
3. Approve the Tax Year 2016 Assessment Roll for the Stockyards Public Improvement District;
4. Adopt the attached ordinance levying special assessments on the property located in the Stockyards
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 11 - Stockyards Fund in the amount of$84,291.00 from available funds; and
6. Authorize the execution of an Agreement with Stockyards Preservation Foundation of Fort Worth, Inc.,
in the amount of$14,938.00 to provide management and improvement services for the Stockyards Public
Improvement District during Fiscal Year 2016-2017.
DISCUSSION:
On February 25, 2003, the City Council adopted Resolution No. 2925 establishing Fort Worth Public
Improvement District 11 (Stockyards 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 2016 Tax Roll for the PID, approve the attached Budget and Five-Year Service Plan
Logname: 13PBD PID 11FY17 Pagel of 3
of the PID, adopt the attached ordinance levying the proposed assessments and adopt the attached
ordinance increasing estimated receipts and appropriations to the Fort Worth Public Improvement District
11 —Stockyards Fund.
On August 30, 2016, (M&C 13PBO PID11 FY17 BENEFIT) the City Council conducted a public hearing 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 Stockyards PID, in accordance with state law.
The improvements and services to be provided in the PID and the costs thereof are as follows:
Improvements Total Budgeted Costs
Management Fee $ 14,938.00
Litter Abatement & Maintenance I $ 10,200.00
Public Events F $ 19,000.00
Insurance F $ 700.00
Website & Other Marketing $ 37,000.00
City Administrative Fee $ 2,000.00
Budget Expenses $ 83,838.00
Contribution to Fund Balance-1 $ 453.00
Total Expenses F $ 84,291.00
The total budgeted costs of the improvements and services are in the amount of$83,838.00. Of this
amount, $74,691.00 will be funded by assessments collected on privately owned parcels located in the
district by applying a rate of$0.12 cents to each $100.00 of property value for commercial property. The
remainder of the costs in an amount equal to $9,600.00 will be funded by revenues generated from PID
activities.
The Stockyards PID is located in COUNCIL DISTRICT 2.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and the adoption of
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 11 - Stockyards Fund.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # mount
ID ID Year Chartfield 2
FROM
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year (ChartFiield 2
CERTIFICATIONS:
Submitted for City Manager's Office by: Susan Alanis (8180)
Originating nating Department Head: Lynda Johnson (6222)
Additional Information Contact: David Reitz (7807)
Logname: 13PBD PID11FY17 Page 2 of 3
Logname: 13PBD PID11FY17 Page 3 of 3