HomeMy WebLinkAboutResolution 2988n~ ar
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A Resolution O~g O
RE-ESTABLISHING FORT WORTH PUBLIC IMPROVEMENT
DISTRICT NO. 8 (THE CAMP BOWIE DISTRICT) AND TAKING
CERTAIN OTHER ACTIONS CONCERNING THE DISTRICT
WHEREAS, on May 6 2003 the City Council of the City of Fort Worth received a
petition for the re-establishment of the Fort Worth Public Improvement District No 8 and
WHEREAS, on May 27 2003 the City Council found and determined that the petition
included sufficient signatures and met other requirements of Sections 372.002 and 372 005 of
the Public Improvement District Assessment Act, (V T C.A. Texas Local Government Code,
Section 372 001 et. seq) (the Act"), and
WHEREAS, the City Secretary of the City of Fort Worth gave notice of the August 26
2003 public hearing in accordance with the Act; and
WHEREAS, the City Council held the public hearing at its regular open and public
meeting at 10 00 a.m. on August 26, 2003 concerning the following matters
a. the advisability of establishing a public improvement district;
b the general nature of the proposed improvements and services,
c. the estimated costs of the proposed improvements and/or supplemental services,
d. the proposed boundaries of the improvement district;
e. the proposed method of assessment; and
f. the proposed apportionment of costs between the improvement distract and the
municipality as a whole; and
WHEREAS, the Crty Council closed the public hearing on the same day
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS.
Section 1 The City Council, after duly considering the evidence and testimony
presented at such public hearing, hereby makes the following findings
a. It is advisable to re-establish a public improvement district under the Act, which
district shall be known as the Fort Worth Public Improvement District No 8
("PID 8")
b It is advisable to authorize the City of Fort Worth ("Crty") to exercise the
powers granted by the Act, in connection with the re-establishment of PID 8
including the undertaking of improvement projects and/or services that confer a
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special benefit on property m the distract and the levying and collection of
special assessments on property m the distract, based on the benefit conferred by
the improvement project and/or services, to pay the costs of'such project and/or
services.
c It is advisable for improvements and/or services to be undertaken and provided
for by PID 8
d. The general nature of the improvements and/or services of PID 8 shall include
(1) A coordinated marketii~nromotion and special event program designed
to retain and attract increased customer traffic to the distract. To ensure
economic vitality of Camp Bowie business activities will include pooling
and targeting. marketing budgets, identifying, coordinating, and
sponsorang special sales events and seasonal events that attract a critical
mass of shoppers and new customers to the corndor
(2) A coordinated communication and information proms consisting of
systems to improve the formal and informal communication between
businesses, ad~ommg neighborhoods, the Crty and others will be
developed. Newsletters, electronic communications, key contact and
mailing lists, clearinghouse hot lines and other programs will be
implemented.
(3) A planned and coordinated capital improvement, clean up and
beautification pro r~ am consisting of the distract working with the Crty
property owners and ad~oimng neighborhoods to identify an annual
program of capital improvements. PID 8 funds will be used to improve
the public nght of way areas to include seasonal plantings at key
gateways and image areas, signs and information systems, improved
street furniture to include ornamental lighting, benches, banners and
other elements unique to the Camp Bowie corndor
(4) A general office and administrative program consisting of A staff
available every day all day" One key advantage and objective of PID 8
is to make sure that there is a key person available to respond to the
unique needs of PID 8 businesses and related neighborhood issues
every day all day"
The proposed improvement and/or services will be a supplement to the standard
existing level of city improvements and/or services and will constitute an added
increment to the improvements and/or services currently provided by City of
Fort Worth to taxpayers generally During the five-year term of the distract, the
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City will continue to furnish or pay for the standard services in PID 8 at the
same level, as they would be provided for the taxpayers generally
e. The estimated cost of the improvements and/or services of the district during the
first year of operation (FY 2003 2004) is.
(1) Operations $100 000
(2) Capital unprovements to public infrastructure 82,400
(3) Marketing campaign 20,000
(4) Special events 15 000
(S) Beautification brochure 10,000
(6) Joint venture grant 10 000
(7) City fee 2,600
Total $240 000
The budget and service plan, attached and incorporated as Exhibit A
represents the improvement/services to be provided for the next five years. The
total costs of the improvements/services will be paid from assessments.
f. The cost of such improvements and/or services m subsequent years will be
determined m accordance with the service plan adopted by the City Council.
g. The boundaries of PID 8 are shown on the map on file m the Office of the City
• Secretary
h. The method of assessment shall be
(1) A service plan shall be approved and adopted by the City Council for a
period of not less than five years. The plan will be reviewed and updated
annually by the City Council to determine the annual budget for
improvements and/or special supplemental services within PID 8
(2) The cost of an improvement and/or special supplemental service will be
assessed against real property within PID 8 according to the value of the
property including improvements, as determined by the City Council.
(3) Dunng the first year term of PID 8, the annual assessments against real
property m the district will not exceed an amount equal to 10 0 cents per
$100 of the value of such property as determined by the City Council.
The apportionment of costs between PID 8 and the City as a whole shall be
(1) All of the costs of an improvement and/or service will be paid for special
assessments levied against property in PID 8
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(2) The City of Fort Worth will be responsible for the payment of
assessments on exempt City-owned real property and structures or other
improvements thereon in the district The payment of assessments, if
any on property owned by other exempt ~urasdictions will be estabhshed
by contract. The Crty will continue to provide the standard
improvements and services to the distract as rt does to the rest of the City
(3) The Crty Council of the Crty of Fort Worth shall be authorized to
establish by ordinance reasonable classifications, formulas and methods
for assessing special benefits for varaous classes of improvements and/or
services.
The probable maximum benefits to be conferred on each tract in PID 8 because
of the improvements and/or services will be greater than the amount of the
assessment against such tract and the owners thereof.
Section 2. The Fort Worth Public Improvement District No 8 is authorized to be
and is hereby established as a public improvement distract under the Act and rn accordance with
the above findings as to the advisability of the improvements and/or services. The distract will
be subject to all conditions, limrtat~ons and reservations contained m such findings.
Section 3. The City~Secretary is hereby directed to give notice of authorization for
re-establishment of PID 8 by publishing a copy of this Resolution once in a newspaper of
general circulation m the Crty of Fort Worth. Such authorization shall take effect and the
district shall be deemed to be re-estabhshed effective upon the publication of such notice.
Section 4. PID 8 will exist for five years immediately following the notice of
authorazation as specified in Section 3 above, unless property owners in the distract petition the
City Council for re-establishment of the district, or unless the district is sooner dissolved as
provided by law The Crty of Fort Worth shall not be obligated to undertake or pay for any
improvements or services contemplated by PID 8 upon its dissolution.
Section 5. The area to be assessed may not include any property not within the
boundaraes of PID 8 unless there ~s an additional hearing pursuant to Section 372 009 of the
Act, preceded by the required notice
.Section 6. The Crty Manager is hereby authorized and directed to prepare
specifications and to negotiate a contract with Historac Camp Bowie, Inc. for the improvements
and/or services to be provided under this Resolution and m accordance with the service,
improvement and assessment plan adopted by the Crty Council.
Section 7 No actual construction or improvements or implementation of services
by the PID 8 shall begin until at least 20 days after authorization for the distract takes effect.
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Section 8. The distract shall be a complete alternative to other methods by which the
City of Fort Worth may finance public improvements and/or special supplemental services by
assessing property owners.
ADOPTED this 26th day of August 2003
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FIVE YEAR SERVICE PLAN
Public Improvement District No 8 (Camp Bowie area)
4/1 /2003
FY03104 FY04i05 FY05/06 FYOfi/07 FY07/08
REVENUE PROJECTS
Assessment Revenues 240 000 250 000 250, 000 253 000 258 000
City Reimbursement - - - -
Total Revenues 240,000 250,000 250,000 253,000 258,000
EXPENSE PROJECTIONS
City Fee 2 600 2,600 2,600 2,600 2,600
Operations 100,000 105 000 1.10 000 115 000 120 000
Capital Improvements
Concrete Removal 25 000 30 000 30 000 30 000 30 000
Landscape Imple./Maint. 57 400 62 400 72 400 85,400 85 400
Marketing Campaign 20 000 20 000 10,000 10,000 10 000
Special Events 15 000 10 000 10 000 10 000 10 000
Beautification Brochure 10,000 10 000 15 000
Joint Venture Grant 10 000
Design Guidelines 10 000
TOTAL EXPENSES 240,000 250,000 250,000 253,000 258,000
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Exhibit A