HomeMy WebLinkAboutOrdinance 19311-09-2010Ordinance No 19311-09-2010
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $1 856172.00
FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND
SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO 1 (DOWNTOWN), 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 those amounts allocated to the various City departments for Fiscal Year 2010-2011 in the
Budget of the City Manager there shall also be increased estimated receipts and appropriations in the
Special Assessment District Fund in the amount of $1 856,172.00 from available funds for the purpose of
funding improvements and services in Public Improvement District No 1 (Downtown).
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 2010 and ending
September 30 2011 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hereby expressly repealed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.
APP OV AS TO FORM AND LEGALITY
Assistant City Attorney
ADOPTED AND EFFECTIVE. September 14. 2010
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/14/2010 -Ord. Nos. 19310-09-2010, 19311-09-2010,
1.9312-09-20:10
DATE Tuesday September 14 2010 REFERENCE NO BH-254
LOG NAME 17PID01 BENHEAR2010
SUBJECT
Conduct a Public Benefit Hearing for Public Improvement District 1 Concerning the Proposed Budget and
Five-Year Service Plan and Proposed Assessment Roll Adopt Ordinance Levying Special Assessments
for the 2010 Tax Year Adopt Appropriation Ordinances to Increase Estimated Receipts in the Special
Assessment District Fund and Special Trust Fund for Fiscal Year 2010-2011 and Authorize Execution of
an Agreement with Downtown Fort Worth Inc. to Manage the District (Downtown) (COUNCIL DISTRICT
9)
RECOMMENDATION
It is recommended that the City Council
1 Hold a public benefit hearing concerning the proposed special assessments on property located in Fort
Worth Public Improvement District 1 (Downtown) for the 2010-2011 Fiscal Year•
2 Approve the attached 2010-2011 Fiscal Year budget and five-year service plan for the Downtown PID•
3 Adopt the attached ordinance levying special assessments on property located in the Downtown PID
for the 2010 tax year
4 Authorize the transfer of $138 498 00 from the General Fund to the Special Assessment District Fund
(Public Improvement District 1 Fiscal Year 2010-2011 Project Account) for the City' s payment in-lieu of
services
5 Authorize the transfer of $189 518 00 from the General Fund to the Special Assessment District Fund
(Public Improvement District 1 Fiscal Year 2010-2011 Project Account) for the City' s payment in-lieu of
assessments,
6 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$1 856 172 00 in the Special Assessment District Fund (Public Improvement District 1 Fiscal Year 2010-
2011 Project Account) from available funds
7 Authorize the transfer of $34 354 00 for administrative fees from the Special Assessment District Fund
(Public Improvement District 1 Fiscal Year 2010-2011 Project Account) to the Special Trust Fund
contingent upon the adoption of the proposed 2010 assessment roll
8 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund by $34 354 00 from available funds and
9 Authorize the City Manager to execute an agreement with Downtown Fort Worth Inc. to provide
management and improvement services for the Downtown PID during Fiscal Year 2010-2011 for the sum
Logname: 17PIDOIBENHEAR2010 Page 1 of 3
of 328 679 00
DISCUSSION
On June 23 2009 the City Council adopted Resolution No 3756-06-2009 (M&C C-23627) re-establishing
Fort Worth Public Improvement District No 1 (Downtown PID).
The purpose of this benefit hearing is to receive comments from the public regarding the 2010-2011 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 2009 tax year Following the public hearing it is recommended that the City
Council approve the attached budget and five-year service plan of the PID adopt the attached ordinance
levying the proposed assessments and adopt appropriation ordinances allocating estimated receipts to the
Downtown PID's fund
On August 24 2010 (M&C BH-247) the City Council conducted a public hearing to receive comments on
the proposed 2010-2011 Fiscal Year budget and five-year service plan for the PID Notice of this benefit
hearing was published in the newspaper 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 2010-2011 Fiscal Year and the costs
thereof are
~ Improvements
~~,_
_. .
->W
Total Budgeted
Costs
~._ ~ __
Management Fee ...___ ~ $328 679 00
Water i~ $12 500 00
_.
_
Utilities
::::..... ~:::::~. ~. ~
a:W_ ___..
Landscape/Tree Maintenance
_ ~._ ~;
2
~ $ 6 000 00
_ . _ _.~.. _~,~
~ $58 925 00
`jTrash Removal (all other Maintenance ~
'expenses) ~
~ ~ ~ . _ _ _
~
~ $1 048 880 00
...
)
Holiday Ligh
. tin /Decoration Re air,,,, ~
(
p s
9 ~~$
15 000 00
_
_
Security Enhancement E
.~ _ _._M _.. F
Communications/Newsletters
_._.... ~ __
$80 000 00
_e...
$20 000 00
Marketing (& Research) ~ ~ 422 900 00
...__ .._.~.......~.._.._~........ 'J $_.....
Public Events ~
_~_ ~;
~~ ._ __. ~_ _~._ ..._._..__...
$10 000 00
~_
Trans ortatio
~~ p__~_... __n & Planning ~~
Capital Improvements .~
_ $251 670 00
$5 000 00.
Insurance
$9 500 00
Annual review (Audit)
. _ _. _
$3 500 00
~
City Administrative Fee ~ _...
.............
~~ $34 354 00
~~Budget Expenses $2,326,908.00;
-Estimated Operating Reserve $213,254 00
~ITotal Expenses '' ~ $2,540 162 00
The total budgeted costs of the improvements are $2 540 162 00 Of this amount, $1 528 156 00 will be
funded by assessments collected on privately owned parcels located in the PID by applying a rate of
Logname• 17PID01 BENHEAR2010 Page 2 of 3
$0 10 cents to each $100 00 of property value The remainder of the costs $1 012,006 00 will be funded
by other revenue sources, including $189 518 00 in direct payment from the City for payment in lieu of
assessments, $138 498 00 in direct payments from the City for payment in-lieu of services $130 163 00 in
revenues generated by PID activities, and $553 827 00 from prior year's assessments and revenues.
The Downtown PID is located in COUNCIL 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 2010-
2011 operating budget, as appropriated of the Special Assessment District Fund and the Special Trust
Fund
FUND CENTERS
TO Fund/Account/Centers
7)8)FE72 481306 017587001000
8)FE72 511010 017587001000
4)~ GS87 488010 002501002000
5)6)GS87 488010 002501002000
6)GS87 488342 002501002000
6)GS87 539120 002501002000
FROM Fund/Account/Centers
$34,354.00 7) GS87 539120 002501002000
$34.354.00 4) GG01 539120 0801000
$138,498.00 5) GG01 539120 0801000
$189.518.00 9) GS87 539120 002501002000
$1.528,156.00
$1,856.172.00
$34,354.00
$138,498.00
$189, 518.00
$328.679.00
CERTIFICATIONS
Submitted for City Manager's Office b~ Thomas Higgins (6192)
Originating Department Head. Jay Chapa (5804)
Additional Information Contact: Sylvia Flores (8550)
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