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Home My WebLink AboutOrdinance 22871-09-2017 Ordinance No. 22871-09-2017 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE FISCAL YEAR 2017-2018 FORT WORTH PUBLIC IMPROVEMENT DISTRICT 11 - STOCKYARDS FUND IN THE AMOUNT OF $98,666.00, FROM AVAILABLE FUNDS, CONTINGENT UPON THE ADOPTION OF THE ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR THE 2017 TAX YEAR, FOR THE PURPOSE OF PROVIDING MANAGEMENT AND IMPROVEMENT SERVICES FOR THE DOWNTOWN PUBLIC IMPROVEMENT DISTRICT DURING FISCAL YEAR 2017-2018; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL 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 2017-2018 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Fiscal Year 2017-2018 Fort Worth Public Improvement District 11 - Stockyards Fund in the amount of$98,666.00, from available funds, contingent upon the adoption of the ordinance levying special assessments for the 2017 Tax Year, for the purpose of providing management and improvement services for the Stockyards Public Improvement District during Fiscal Year 2017-2018. 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, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 take effect upon adoption. APPROVED AS TO FOR AND LE ITY: CITY SECRET Y' Tyler Walfach, Agsistant City Attorney ary J. K AD6PTED AND EFFECTIVE: September 12, 2017 N LQ O q q 0 0 0 0 0 0 I q C4 to G G C6 CO M t.n N 1- C C14 IqT Q LL fJ4 N LO 0 LO Q O O C � C 0 0 LO 0 0 0 L.0 C► O a O O 00 00 � M N M G N 6r)- r e- N Cf O . >- !H d4 fA LL i N O O C 000 0 00 m 0 0 ti N 0) 000 0)� (D (D N N 00 0) r Ef3 !, H!+H N Cf to y� LL VJ 'a R O to O O O O 0 0 0 LO 0 0 W) LO G ++ O 00 to O O O O N ti N 00 OD 0) 0) CO to r- O N CO N r Ef3 !H d} N ;T Of yq t LL a z° pd +�+ O M O O0 O O Cl) M CD LL y N O CD w M 0 00 0 0 Cl) M O h0 O (— O O It N Iq p00 d r r ti 00 to 0) 0) (D N I� 00 N 00 N M 00 � !,H V > LL LL > O Q E a 0) U C co C t) 0) C C j U m LL 0) 06 j l 0) E m LL0) to _r_ C C E .' O �, R to 0) C 3E > ob m to C LL. a) -0 W m E CA Q Q U Q V 7 0 y � N � � tan a) - y LL CL s � a U o y N > c N Q C c W > W W > > 4) to m Z yw Z y W p> � W d1 r R LU 0 w m F- W m U H City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/12/2017 - Ordinance Nos. 22870-09-2017 $ 22874-09- 2017 DATE: Tuesday, September 12, 2017 REFERENCE NO.: BH-368 LOG NAME: 03PBD PID11 FY18 SUBJECT: Conduct Public Benefit Hearing for Public Improvement District 11, Stockyards PID, Approve Fiscal Year 2017-2018 Budget and Five-Year Service Plan in the Amount of$98,666.00, Approve Tax Year 2017 Assessment Roll, Adopt Ordinance Levying Special Assessments for the 2017 Tax Year at a Rate of$0.12 Per Each $100 of Commercial Property Value, Adopt Ordinance Increasing Estimated Receipts and Appropriations in the Fort Worth Public Improvement District 11 - Stockyards Fund in the Amount of $98,666.00, and Authorize Execution of an Agreement with Stockyards Preservation Foundation of Fort Worth, Inc., in the Amount of$16,733.00 to Manage the District (COUNCIL DISTRICT 2) RECOMMENDATION: It is recommended that the City Council: 1. Conduct a public benefit hearing concerning the proposed special assessments on the property located in Public Improvement District 11, Stockyards Public Improvement District for the 2017 tax year; 2. Approve the attached Fiscal Year 2017-2018 Budget and Five-Year Service Plan for the Stockyards Public Improvement District in the amount of$98,666.00; 3. Approve the Tax Year 2017 Assessment Roll for the Stockyards Public Improvement District, on file with the City Secretary; 4. Adopt the attached ordinance levying special assessments on the property located in the Stockyards Public Improvement District for the 2017 tax year at a rate of $0.12 per each $100 of commercial property value; 5. Adopt the attached ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District 11 - Stockyards Fund in the amount of$98,666.00, from available funds; and 6. Authorize the execution of an Agreement with Stockyards Preservation Foundation of Fort Worth, Inc., in the amount of $16,733.00 to provide management and improvement services for the Stockyards Public Improvement District during Fiscal Year 2017-2018. DISCUSSION: On February 25, 2003, the City Council adopted Resolution No. 2925 establishing Fort Worth Public Improvement District 11 (Stockyards PID). The purpose of this benefit hearing is to receive comments from the public regarding the 2017-2018 Fiscal Year Budget and Five-Year Service Plan for the Stockyards PID and the proposed assessments to be Logname: 03PBD PIDI 1FY18 Page I of 3 levied on each property in the Stockyards PID for the 2017 tax year. Following the public hearing, it is recommended that the City Council approve the 2017 Tax Roll for the Stockyards PID, approve the attached Budget and Five-Year Service Plan of the Stockyards PID, adopt the attached ordinance levying the proposed assessments, and adopt the attached ordinance increasing estimated receipts and appropriations to the Fort Worth Public Improvement District 11 —Stockyards Fund. On August 29, 2017, Mayor and Council Communication (M&C BH-362) the City Council conducted a public hearing to receive comments on the proposed 2017-2018 Fiscal Year Budget and Five-Year Service Plan for the Stockyards PID. Notice of this benefit hearing was published in the Fort Worth Star Telegram and mailed to all record owners of property in the Stockyards PID, in accordance with state law. The improvements and services to be provided in the Stockyards PID and the costs thereof are as follows: Improvements Total Budgeted Costs Management Fee F $ 16,733.00 Litter Abatement & Maintenance $ 12,000.00 Public Events F $ 17,000.00 Insurance $ 700.00 Website & Other Marketing $ 38,000.00 City Administrative Fee $ 2,000.00 Budget Expenses $ 86,433.00 Contribution to Fund Balance $ 12,233.00 Total Expenses F $ 98,666.00 The total budgeted costs of the improvements and services are in the amount of$98,666.00. Of this amount, $83,666.00 will be funded by assessments collected on privately owned parcels located in the district by applying a rate of$0.12 cents to each $100.00 of property value for commercial property. The remainder of the costs in an amount equal to $15,000.00 will be funded by revenues generated from Stockyards PID activities. The Stockyards PID is located in COUNCIL DISTRICT 2. FISCAL INFORMATION /CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations and the adoption of the Fiscal Year 2017-2018 Budget by the City Council, funds will be available in the Fiscal Year 2018 operating budget, as appropriated, of the Fort Worth Public Improvement District 11 -Stockyards Fund. FUND IDENTIFIERS (FIDS): TO Fund Department ccoun Project JProgram ctivity Budget Reference # moun ID ID YearChartfield 2 FROM Fund Department ccoun Project Program ctivity Budget Reference # mount ID ID Year (Chartfield 2) CERTIFICATIONS: Submitted for City Manager's Office by: Susan Alanis (8180) Logname: 03PBD PIDI IFYI 8 Page 2 of 3 Originating Department Head: Lynda Johnson (6222) Additional Information Contact: Terry Hanson (7934) Logname: 03PBD PID 11FYI 8 Page 3 of 3 FORTWORTH ---� - Stockyards Public Improvement District 5 ■ ._ 183 LL ► ate. 27THAA - a� ti 2 7H' STOCKYARDS k w rte • �; _ `�" d 59-� O z�-w .. 25TH rn .r � UT % EXCHANGE itp r 5i,24 TH z ra�f ■ 1r■� �- U) cn m Wr 23RD ; - e � w � 23RD r '�� ,•r•? ,,. Egg71 - Z t .,., , taF ,j .+ .�V`11rt:.�Jo`.-t' `t.-.��, ►'g +:t��O .�swx,Z' eei' t r'22ND G yyt� MR i 44 21ST, LEGEND N t - ul ` it PID 11 - STOCKYARDS ♦ 3P" x i .., - U. " �r� 0 0.075 0.15 0.3 Miles �' '. A (Y ■&* w : ' �P■-'-5 Pre ared on:August 19 2014 COPYRIGHT 2014 CITY OF FORT WORTH. UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS. THIS PRODUCT IS FOR INFORMATIONAL PURPOSES AND MAY NOT HAVE BEEN PREPARED FOR OR BE SUITABLE FOR LEGAL, ENGINEERING, OR SURVEYING PURPOSES.IT DOES NOT REPRESENTAN ON-THE-GROUND SURVEYAND PRESENTS ONLY THE APPROXIMATE RELATIVE LOCATION OF PROPERTY BOUNDARIES. THE CITY OF FORT WORTH ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OF SAID DATA.