HomeMy WebLinkAboutOrdinance 18264-09-2008Ordinance No. 18264-09-2008
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SPECIAL TRUST FUND IN THE AMOUNT OF $23,153 FROM AVAILABLE FUNDS
CONTINGENT UPON THE ADOPTION OF THE FISCAL YEAR 2008-2009 BUDGET FOR
THE PURPOSE OF FUNDING THE FY08-09 PUBLIC IMPROVEMENT DISTRICT
ADMINISTRATION BY THE ECONOMIC AND COMMUNITY DEVELOPMENT
DEPARTMENT; 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 2008-2009 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Special Trust Fund in the amount of $23,153.00 from available funds contingent upon the adoption of the
Fiscal Year 2008-2009 Budget for the purpose of funding the FY08-09 Public Improvement District
Administration by the Economic and Community Development Department.
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, 2008, and ending
September 30, 2009, 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hereby expressly repealed.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:
..~2i
Assistant City Attorn
ADOPTED AND EFFECTIVE: September 9, 2008
Ci~r ®f ®rt ®~i, Texas
Mayor and Courocil Communication
COUNCIL ACTION: Approved on 9/9/2008 -Ord. No. 18262-09-2008, 18263-09-2008, and
18264-09-2008
DATE: Tuesday, September 09, 2008
LOG NAME: 17PID06BENHEAR REFERENCE NO.: BH-236
SUBJECT:
Benefit Hearing for Fort Worth Public Improvement District 6 (Park Glen) Concerning Proposed
Budget and Five Year Service Plan, Adoption of the 2008 Assessment Roll, Adoption of Ordinance
Levying Assessments, and Adoption of Appropriation Ordinances to Increase Estimated Receipts in
the Special Assessment District Fund and Special Trust Fund for Fiscal, Year 2008-2009; and
Authorize Execution of an Agreement vvith Premier Communities Management Company to Manage
the District
RECOMMENDATION:
It is recommended that the City Council:
1. Hold a benefit hearing concerning the proposed special assessments on property located in Fort Worth
Public Improvement District 6 for Fiscal Year 2008-2009;
2. Approve the attached Public Improvement District 6 budget and five-year service plan for Fiscal Year
2008-2009;
3. Adopt the proposed 2008 assessment roll for Public Improvement District 6;
4. Adopt the attached ordinance which levies the proposed assessment for property located in Public
Improvement District 6 for Fiscal Year 2008-2009;
5. Authorize the transfer of $144,195.00 from the General Fund to the Special Assessment District Fund
(Public Improvement District 6 Fiscal Year 2008-2009 Project Account) for the City's payment in-lieu of
services;
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by
$1,301,845.00 in the Special Assessment District Fund (Public Improvement District 6 Fiscal Year 2008-
2009 Project Account) from available funds;
7. Authorize the transfer of $23,153.00 for administrative fees from the Special Assessment District Fund
(Public Improvement District 6 Fiscal Year 2008-2009 Project Account) to the Special Trust Fund contingent
upon the adoption of the proposed 2008 assessment roll;
8. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Special Trust Fund by $23,153.00 from available funds; and
9. Authorize the City Manager to execute an agreement with Premier Communities Management Company
to provide management and improvement services for Public Improvement District 6 during Fiscal Year
2008-2009 for the sum of $104,563.00.
Logname: 17PID06BENHEAR Page 1 of 3
DISCUSSION:
On September 22, 1998, the City Council adopted Resolution No. 2453 establishing Fort Worth Public
Improvement District No. 6 (PID 6).
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2008-
2009 proposed assessments to be levied on each property in PID 6, to adopt an ordinance levying the
proposed assessments and to adopt an appropriation ordinance allocating estimated receipts to the
District's fund.
On August 19, 2008, (M&C G-16243) the City Council conducted a public hearing to receive comments on
the proposed Fiscal Year 2008-2009 five-year service plan and budget (attached), and provided notice of
this benefit hearing.
Based upon the five year service plan budget the current and projected revenues will fund the following:
Improvements Total Budgeted Costs
Management Fee $104,563.00
Water $208,950.00
Utilities $13,730.00
t_andscape/Tree Maintenance $621,326.00
Trash Removal $19,471.00
Fence Maintenance $79,000.00
Holiday Lighting $15,572.00
Security Patrols $117,738.00
Communications $8,072.00
Public Events $27,500.00
Capital Improvements $158,075.00
Replacements $10,000.00
Insurance $18,208.00
Contingency $25,000.00
Annual Reivew $1,850.00
City Administration $23,153.00
Total $1,452,208.00
The total budgeted costs of the improvements and services are $1,452,208.OO.Of this amount,
$1,157,650.00 will be funded by assessments collected on privately owned parcels located in the district by
applying a rate of $0.175 cents to each $100.00 of property value for residential property and $.035 cents
to each $100.00 of property value for commercial property.
The remainder of the costs, $294,558.00, will be funded by other revenue sources, including $144,195 in a
direct payment from the City for payment in lieu of services; and $150,363 from prior year's assessments.
Based on the appraised value of the property, and considering the benefits to be received from the
proposed improvements, it is the opinion of City staff that an amount equal to or more than the proposed
assessments, upon completion of the improvements will enhance each parcel of property in value.
PID 6 is commonly known as the "Park Glen PID" and is located in COUNCIL DISTRICT 4
Logname: 17PID06BENHEAR Page 2 of 3
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinances, funds will be available in the Fiscal Year 2008-2009 operating budget,
as appropriated, of the Special Assessment District Fund, and the Special Trust Fund.
TO Fund/Account/Centers FROM Fund/Account/Centers
7) 8) FE72 481306 017587001000 $23.153.00 5) GG01 538070 0905800 $144.195.00
5) 6) GS87 472001 002506002000 $144,195.00 7) GS87 539120 002506002000 $23,153.00
6) GS87 488342 002506002000 $1,157,650.00 9) GS87 539120 002506002000 $104.563.00
6) GS87 539120 002506002000 $1.301.845.00
8) FE72 511010 017587001000 $23,153.00
Submitted for City Manager's Office by: Tom Higgins (6140)
Originating Department Head: Jay Chapa (6192)
Additional Information Contact: Sylvia Flores (8550)
Logname: 17PID06BENHEAR Page 3 of 3