HomeMy WebLinkAboutOrdinance 22854-08-2017ORDINANCE NO. 22854-08-2107
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE AMOUNT OF $3,469,985.00, IN THE TOURISM PID
FISCAL YEAR 2017-2018 PROJECT ACCOLJNT OF THE SPECIAL ASSESSMENT
DISTRICT FUND, FROM AVAILABLE FUNDS (CONTINGENT UPON THE
ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR SUCH
FISCAL YEAR), FOR THE PURPOSE OF PROVIDING SERVICES AND
MANAGEMENT OVERSIGHT FOR THE TOURISM PID; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL
ORDINANCES 1N CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE
DATE.
BE IT ORDAlNED 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 2017-2018 in
the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
amount of $3,469,985.00 in the Tourism PID Fiscal Year 2017-2018 project account of the Special
Assessment District Fund, from available funds (contingent upon the adoption of the ordinance levying
special assessments for such fiscal year), for the purpose of providing seivices and management oversight
for the Tourism PID.
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 impaii� 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 incoiporated into the ordinance of the municipal government of the City of
Fort Worth for the ensuing Fiscal Year beginning October 1, 2017, and ending September 30, 2018, 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said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 talce effect upon adoption.
APPROVED AS TO FORM AND LEGALITY
.�
Peter Vaky, Deputy City or ey
ADOPTED AND EFFECTIVE: Au�ust 29, 2017
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: Tuesday, August 29, 2017 REFERENCE NO.: BH-367
LOG NAME: 2518PIDFUVTOURISMPID
SUBJECT:
Conduct Public Benefit Hearing for Fort Worth Public Improvement District No. 18 (Tourism PID),
Concerning the Proposed Budget and Ten-Year Service Plan and Proposed Assessment Roll, Adopt
Ordinance Levying Special Assessments for Fiscal Year 2018, Adopt Appropriation Ordinances to Increase
Estimated Receipts in the Fort Worth Public Improvement District No. 18 Fund for Fiscal Year 2018 and
Authorize Execution of an Agreement with Fort Worth Tourism Public Improvement District Corporation or
a Related Entity to Manage the Tourism PID (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public benefit hearing concerning the proposed special assessments on property located in
Public Improvement District 18 (Tourism PID) for Fiscal Year 2018;
2. Approve the attached Fiscal Year 2018 budget and ten-year service plan for the Tourism PID;
3. Adopt the attached ordinance levying special assessments on property located in the Tourism PID,
beginning January 1, 2018;
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Tourism PID Fund for Fiscal Year 2018 in the amount of $3,469,985.00 available funds;
5. Authorize the transfer in the amount of $17,000.00 for administrative fees from the Tourism PID Fund in
Fiscal Year 2018 to the General Fund contingent upon the adoption of the proposed ordinance levying
assessments;
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
General Fund PID Revenue Account in the amount of $17,000.00 from available funds; and
7. Authorize the execution of an Agreement with Fort Worth Tourism Public Improvement District
Corporation or another entity approved by the City Manager and the Fort Worth Convention and Visitors
Bureau to provide management and improvement services for the Tourism Public Improvement District
during Fiscal Year 2018.
DISCUSSION:
The purpose of this benefit hearing is to receive comments from the public regarding the Fiscal Year 2018
Budget and ten-year service plan for the Tourism PID and the proposed assessments to be levied on each
property in the PID for the 2018 Tax Year. Following the public hearing, it is recommended that the City
Council approve the attached budget and ten-year service plan of the PID, adopt the attached ordinance
Logname: 2518PIDFWTOURISMPID Page 1 of 3
levying the proposed assessments and adopt the attached appropriation ordinance allocating estimated
receipts to and estimating expenditures from the Tourism PID's fund.
Notice of this benefit hearing was published in the newspaper and mailed to all record owners of property
in the Tourism PID in accordance with state law.
The improvements and services to be provided in the PID during Fiscal Year 2018 and the associated
costs thereof are as follows:
Improvements
Incentives & Sales Efforts
Marketing (Promotion/Advertising)
Site Visits & Familiarization Tours
Event Funding Application Pool
Operations/Research/Administration
� --- --
One Time City Administrative Fee
Budget Expenses
Estimated Operating Reserve
Total Expenses
Total Budgeted
Costs
$ 1,474,744.00
$1,214,495.00
$ 346, 998.00
$ 260,249.00
$ 156,499.00
$ 17, 000.00
$3,469,985.00
$ 0.00
$3,469,985.00
The total budgeted costs of the improvements are in the amount of $3,469,985.00. Of this amount,
$3,469,985.00 will be funded by assessments collected on hotel night revenues generated in district
hotels with 100 or more rooms by levying special assessments at a rate of two percent.
The petition submitted by property owners liable for assessments in the Tourism PID proposed that the
City enter into a contract with Fort Worth Tourism Public Improvement District Corporation, a to-be-formed
non-profit entity, to manage the operations of the PID in conjunction with the Fort Worth Convention and
Visitors Bureau. Because this particular corporation technically has not been created yet, it is
recommended that the City Council authorize execution of a contract with the corporation or another entity
subsequently approved by the City Manager and the Fort Worth Convention and Visitors Bureau to
perform management services necessary for operation of the Tourism PID. The cost for such
management shall not exceed the authorized amount budgeted for "Administration" in the PID's service
and assessment plan.
The Tourism PID is located on properties in ALL COUNCIL DISTRICTS.
A Form 1295 disclosure form for the Management Corporation will be submitted prior to execution of the
Management Agreement.
Logname: 2518PIDFWTOURISMPID Page 2 of 3
FISCAL INFORMATION / CERTIFICATION:
The Finance Director certifies that upon approval of the above recommendations, funds will be available in
the Fiscal Year 2018 operating budget, as appropriated, of the Tourism PID Fund and the General Fund.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project
ID ID
und Department ccoun Project
ID ID
CERTIFICATIONS:
Submitted for City Manager's Office bv:
Oriqinatinq Department Head:
Additional Information Contact:
Logname: 2518PIDFWTOURISMPID
ram ctivity Budget
Year
ram ctivity Budget
Year
Susan Alanis (8180)
Kirk Slaughter (2501)
Kirk Slaughter (2501)
Reference #
Chartfield 2
Reference #
Chartfield 2'
mou
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