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HomeMy WebLinkAboutOrdinance 18272-09-2008Ordinance No. 18272-09-2008 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SPECIAL ASSESSMENT DISTRICT FUND IN THE AMOUNT OF $56,000.00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING IMPROVEMENTS AND SERVICES IN PUBLIC IMPROVEMENT DISTRICT NO. 12 (CHAPEL HILL); 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 Assessment District Fund in the amount of $56,000.00 from available funds for the purpose of funding improvements and services in Public Improvement District No. 12 (Chapel Hill). 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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~TOnFORM AND LEGALITY: Assistant City Attorne ADOPTED AND EFFECTIVE: September 9, 2008 City of Fort t~orfh, Texas Mayor and Council Communication -s _-- COUNCIL ACTION: Approved on 9/9/2008 -Ord. No. 18271-09-2008, 18272-09-2008, and 18273-09-2008 DATE: Tuesday, September 09, 2008 LOG NAIUIE: 17PID12BENHEAR REFERENCE NO.: BH-239 SUBJECT: Benefit Hearing for Fort Worth Public Improvement District 12 (Chapel Hill) 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 with Chapel Hill of Fort Worth Community Association, Inc., and RTI/Communities Management Associates, Inc., to Manage the District RECOIVIIIAENDATION: 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 12 for Fiscal Year 2008-2009; 2. Approve the attached Public Improvement District 12 budget and five-year service plan for Fiscal Year 2008-2009; 3. Adopt the proposed 2008 assessment roll for Public Improvement District 12; 4. Adopt the attached ordinance which levies the proposed assessment for property located in Public Improvement District 12 for Fiscal Year 2008-2009; 5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $56,000.00 in the Special Assessment District Fund (Public Improvement District 12 Fiscal Year 2008-2009 Project Account) from available funds; 6. Authorize the transfer of $2,000.00 for administrative fees from the Special Assessment District Fund (Public Improvement District 12 Fiscal Year 2008-2009 Project Account) to the Special Trust Fund contingent upon the adoption of the proposed 2008 assessment roll; 7. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Special Trust Fund by $2,000.00 from available funds; and 8. Authorize the City Manager to execute an agreement with Chapel Hill of Fort Worth Community Association, Inc., and RTI/Communities Management Associates, Inc., to provide management and improvement services for Public Improvement District 12 during Fiscal Year 2008-2009 for the sum of $10, 000.00. DISCUSSION: Logname: 17PID 12BENHEAR Page 1 of 3 On March 23, 2004, the City Council adopted Resolution No. 3060 establishing Fort Worth Public Improvement District No. 12 (PID 12). 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 12, 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-16246) 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. The improvements and services to be provided and the costs thereof are: I___provement Total Budgeted Costs Management Fee $10,000.00 Utilities $6,500.00 Landscape Maintenance Program $36,000.00 Communications/Newsletters $500.00 Marketing $1,200.00 Social Programs/Holiday Lighting $4,000.00 Capital Improvements $4,000.00 Replacements $7,000.00 Insurance $6,000.00 Annual Review $800.00 City Administration 2 000.00 Total $78,000.00 The total budgeted costs of the improvements are $78,000.00. Of this amount, $56,000.00 will be funded by assessments collected on privately owned parcels located in the district by applying a rate of $0.19 cents to each $100.00 of property value for residential property. The remainder of the costs, $22,000.00, will be funded by other revenue sources, including: $1,000.00 from the Chapel Hill Venture LLLP Subsidy $21,000.00 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 the 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 12 is commonly known as the "Chapel Hill PID" and is located in COUNCIL DISTRICT 7. 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. Logname: 17PID 12BET~IEAR Page 2 of 3 TO Fund/AccountlCenters 6) 7) FE72 481306 017587001000 2 000.00 5) GS87 488342 002512003000 $56.000.00 5) GS87 539120 002512003000 $56.000.00 FE72 511010 017587001000 2 000.00 FROM Fund/Account/Centers 6) GS87 539120 002512003000 8) GS87 539120 002512003000 Submitted for City Manager's Office by: Tom Higgins (6140) Originating Department Head: Jay Chapa (6192) Additional Information Contact: Sylvia Flores (8550) 2 000.00 $10,000.00 Logname: 17PID12BENHEAR. Page 3 of 3